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Canadian Wholesale Trade Fell Less Than Expected in February

Canadian Wholesale trade declined less than expected in February after four consecutive months of increases, weighed by weakness in the Household Goods and food sectors, data from Statistics Canada showed on Monday.

The 0.2 percent decrease was not as steep as the 1.0 percent decline economists had forecast. January was revised down slightly to show a gain of 3.0 percent from the previously reported 3.3 percent.

Stripping out the effect of prices, volumes were down 0.4 percent. Overall, sales fell in four out of seven sectors, accounting for 54 percent of wholesale trade.

The personal and household goods sector led the way down with a 1.7 percent decline. Sales dropped in five out of six of the sector’s industries, including home entertainment equipment and household appliances.

via Reuters

This post first appeared on MarketPulse - MarketPulse - MarketPulse Is The Mar, please read the originial post: here

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Canadian Wholesale Trade Fell Less Than Expected in February


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