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
Geadi Demands Equal Treatment for Cypriot MEPs at EU-Turkey Meeting
October 20, 2026
Cyprus-Greece-Israel Electricity Project Completion Delayed to 2031
October 20, 2026
EU Parliament Approves Enhanced Passenger Rights Regulations
October 20, 2026
Cyprus Showcases FinTech Potential at US Blockchain Summit
October 20, 2026
Cyprus and France Formalize Cultural Cooperation Agreement
October 20, 2026