Wholesale sales in Canada rose 5.7 percent over a month earlier in May of 2020, following a downwardly revised 21.4 percent plunge in the previous month but below market expectations of a 8.5 percent growth. Six of seven subsectors recorded higher sales, accounting for about 78 percent of total wholesale sales, helped by the gradual lifting of the coronavirus lockdown. Sales rose primarily for building material and supplies (16.1 percent), in particular lumber, millwork, hardware & other building supplies (20.4 percent); and motor vehicle and motor vehicle parts and accessories (33.4 percent). In contrast, only machinery equipment, equipment and supplies posted lower sales (-4.7 percent). In May, seven provinces recorded higher sales, with Ontario (8.5 percent) and Quebec (8.9 percent) posting the largest increases. Year-on-year, wholesale sales fell 17.7 percent.
Wholesale Sales in Canada averaged 0.37 percent from 1993 until 2020, reaching an all time high of 6.90 percent in September of 2003 and a record low of -21.40 percent in April of 2020. This page provides - Canada Wholesale Sales MoM- actual values, historical data, forecast, chart, statistics, economic calendar and news. Canada Wholesale Sales MoM - data, historical chart, forecasts and calendar of releases - was last updated on August of 2020. source: Statistics Canada
Wholesale Sales in Canada is expected to be 0.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Wholesale Sales in Canada to stand at 1.00 in 12 months time. In the long-term, the Canada Wholesale Sales MoM is projected to trend around 1.00 percent in 2021 and 1.50 percent in 2022, according to our econometric models.