Canada August wholesale trade down 1.6% on autos

By Reuters News

Oct 15 (Reuters) - Canadian wholesale trade fell by 1.6% in August from July on lower sales in the motor vehicle and motor vehicle parts and accessories subsector, Statistics Canada said on Thursdsay.

Sales were down in five out of seven subsectors, representing 70.6% of wholesale trade, while sales were down in six of the ten provinces. Sales decreased 1.8% in volume terms.

(Percent changes)

Aug Aug Jul (rev) Jul (prev)

mo/mo yr/yr mo/mo mo/mo

Wholesale trade -1.6 +7.2 +0.4 +0.3

Wholesale trade ex-autos -1.2 +7.1 +0.2 0.0

Wholesale inventories 0.0 +4.1 +0.3 0.0

Sectors:

Farm products -14.3 -8.7

Food/beverages/tobacco -2.0 +4.8

Personal/household 0.0 +1.3

Motor Vehicles and Parts -3.8 +7.5

Building materials/supplies +1.4 +17.7

Machinery/equipment -0.7 +7.5

Misc. -3.2 +7.4

NOTE: Figures in the table exclude petroleum and oilseeds sales. All figures are seasonally adjusted. Analysts surveyed by Reuters forecast wholesale trade to be down 1.5% in August from July.

(Reporting by Dale Smith; editing by Promit Mukherjee) ((promit.mukherjee@tr.com))

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