Canada reverses wholesale sales decline

April 23, 2012 at 9:59 AM

OTTAWA, April 23 (UPI) -- Wholesale sales in Canada reached $48.5 billion in February, a 1.6 percent month-over-month gain after a January decline, Statistics Canada reported Monday.

"The largest increase in dollar terms was in the motor vehicles and parts subsector," the agency said. "Sales were up 2.7 percent to $7.7 billion in February."

The gain came after January's monthly wholesale trade numbers fell 1.1 percent.

"Higher sales were reported in most subsectors in February, four of which accounted for about 90 percent of the national growth," StatsCan said.

Among the other wholesale sectors reporting gains, the home entertainment equipment and household appliances industry posted a 12.3 percent increase in February. The pharmaceuticals and pharmacy supplies industry recorded a 3.1 percent gain for the month.

Related UPI Stories
Latest Headlines
Trending Stories
Chelsea Clinton accidentally calls Bernie 'President Sanders'
Watch every star-studded Super Bowl commercial of 2016
Susan Sarandon responds to Piers Morgan criticizing cleavage
Two Virginia Tech students plotted 13-year-old's death, prosecutors said
Colin Powell, Condoleezza Rice got classified email on private accounts