Statistics Canada today reported that wholesale sales rebounded in May after declining in April.
The government agency said wholesale sales 0.9% in May to $41.8 billion, after declining 0.3% in April, with more than half the May increase in the automotive sector.
With auto sales excluded, wholesale sales rose 0.5%.
The agency said wholesalers of auto products saw a 2.3% rise, while the other main contributor was building materials, where sales rose 1.8%.
Only the farm products sector registered a decrease, falling 7.8%.
Wholesale sales of motor vehicle parts and accessories rebounded 3.9% in May after falling in March and April.
Six provinces exceeded national growth.
Prince Edward Island wholesalers posted a strong sales increase of 9.3% in May compared with April.
Sales in Newfoundland and Labrador rose 4.1%, British Columbia was up 2.5% and Nova Scotia 2.0%. Ontario sales grew 1.3%, Manitoba by 1.2%.
Wholesale sales rebound in May: StatsCan
- By: IE Staff
- July 20, 2006 July 20, 2006
- 08:40