Notizie economiche
14.03.2025

Canada’s wholesale sales increase less than predicted in January

Statistics Canada reported on Friday that wholesale sales (excluding petroleum and oilseed and grain) increased 1.2 per cent m-o-m to CAD85.13 billion in January 2025, following an upwardly revised 0.3 per cent m-o-m advance (from -0.2 per cent m-o-m) in December 2024.

Economists had predicted a 1.9 per cent m-o-m surge for January.

According to the report, sales rose in five of the seven subsectors, accounting for more than 77.6 per cent of total wholesale sales. The motor vehicle and motor vehicle parts and accessories (+3.7 per cent m-o-m) and building material and supplies (+3.5 per cent m-o-m) subsectors posted the largest gains in sales in January. Meanwhile, the farm product, excluding oilseed and grain (-5.1 per cent m-o-m), and machinery, equipment and supplies (-1.2 per cent m-o-m) subsectors showed decreases.

In y-o-y terms, wholesale sales (excluding petroleum, petroleum products, and other hydrocarbons and excluding oilseed and grain) jumped 2.7 per cent in January. 

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