Canada: Wholesale sales declined 0.8% to $63.1 billion in June

"Wholesale sales declined for the second time in three months, down 0.8% to $63.1 billion in June," Statistics Canada reported on Tuesday.

Key takeaways from the official publication

• The motor vehicle and parts and the miscellaneous subsectors contributed the most to the decline.
• In volume terms, wholesale sales decreased 1.1%.
• On a quarterly basis, wholesale sales increased 1.0% in current dollars and 0.7% in constant dollars in the second quarter. This marked the ninth consecutive quarterly increase in both current and constant dollars.
• Wholesale inventories rose for the fourth consecutive month, up 1.8% to a record $85.7 billion in June.