Wholesale sales in Canada jumped 2.1% in October

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Wholesale sales in Canada jumped 2.1% in October

Wholesale sales increased in October in six of the seven subsectors analyzed by Statistics Canada.

Wholesale sales, intermediate stage of distribution of goods that connect manufacturers to the market, rose 2.1% to $83.4 billion in October in the country, according to Statistics Canada.

They were boosted by gains in the miscellaneous products, building materials and supplies, and personal and household goods sub-sectors.

The federal agency says sales rose in six of the seven subsectors it analyzes.

Sales of the subsector miscellaneous goods jumped 5.5% to $13 billion in October, with most of the rise coming from the agricultural supplies industry.

Building materials and supplies rose 3.3% to $12.6 billion in October, due to higher sales of lumber, joinery, hardware and other building materials.

At the same time, the personal and household goods subsector increased by 2, 8% to reach 11.6 billion dollars.

According to Statistics Canada, growth for overall sales in constant dollars was 0.9% in October.

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