Canada's wholesales increase 0.4% in September

Figure rises 1.6% annually

By Ovunc Kutlu

ISTANBUL (AA) - Wholesale sales in Canada increased 0.4% in September to $83.1 billion, according to Statistics Canada figures released Wednesday.

The expectation for the figure was to remain unchanged from the previous month.

Wholesale sales, a leading indicator of consumer spending, jumped 1.8% in August.

"On an annual basis, wholesale sales (excluding petroleum, petroleum products, and other hydrocarbons and excluding oilseed and grain) were 1.6% higher in September compared with the same month one year earlier," the agency said in a statement.

"The food, beverage and tobacco subsector, up 1.6% to $15.0 billion in September, also contributed to growth in wholesale sales," it added.

Kaynak:

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