ISTANBUL: Wholesale sales in Canada decreased 0.8% in May, compared to the previous month, to reach $82.2 billion, according to the statistics office on Monday. The market expectation for wholesale sales, a leading indicator of consumer spending, was to show a gain of 2%. The figure for April was unrevised at an increase of 2.4%. "Sales declined in five of the seven subsectors, with the largest decline coming from the motor vehicle and motor vehicle parts and accessories subsector," Statistics Canada said in a statement. "Following a large increase in April, sales in the motor vehicle and motor vehicle parts and accessories subsector decreased by 3.8% to $13.9 billion in May," it added. The province of Manitoba led the way in sales decline, with a dive of 13.5% to $1.7 billion in May, recording its fourth decline since the beginning of this year, according to the agency. On an annual basis, wholesale sales were 0.9% lower in May, compared to the same month of last year. Source: Anadolu Agency
Canada’s wholesale sales decrease 0.8% in May
News For
RECENT POSTS
Europe’s Technology Gap Linked to Investment Inertia, Says Deputy Minister
September 29, 2026
Cyprus Health Minister to Attend EU Health Ministers Meeting in Dublin
September 29, 2026
Weather Forecast for Cyprus Coastal Waters
September 29, 2026
Cyprus Achieves Lowest Rate of Overcrowded Housing for Young People in EU
September 29, 2026
July Sees 1.5% Annual Rise in Industrial Production in Cyprus
September 29, 2026
Cyprus Weather Update: Sea Area Forecast Reveals Fine Conditions
September 29, 2026
CITEA and Invest Cyprus Forge Partnership to Boost Tech Sector
September 29, 2026
Cyprus Alcohol Consumption Below EU Average
September 28, 2026
Cyprus Alcohol Consumption Below EU Average
September 28, 2026