BUSINESS
09/20/2011 08:38 EDT | Updated 11/20/2011 05:12 EST

Five of seven subsectors up as wholesale trade advances in July: StatsCan

OTTAWA - Wholesale sales advanced 0.8 per cent in July to $48.2 billion after a stagnant June.

Five of seven subsectors, representing more than 85 per cent of total sales, reported increases.

Statistics Canada says most of the growth was concentrated in the machinery, equipment and supplies, the personal and household goods, and the motor vehicle and parts subsectors.

By volume, wholesale sales grew 1.5 per cent in July.

The machinery, equipment and supplies subsector registered the highest increase in dollar terms as sales rose 2.1 per cent.

Sales of personal and household goods rose 2.9 per cent in July, the subsector's highest month-over-month growth since April 2008.

Sales in the motor vehicle and parts subsector advanced 2.6 per cent in July after three straight declines.

Overall growth in wholesale trade in July was dampened by a 5.1 per cent decline in the miscellaneous subsector, largely due to lower sales of agricultural supplies (down 18.5 per cent).

Ontario accounted for almost all of the national sales increase in July with 2.1 per cent growth in wholesale trade.

after declining 0.9% in June. Higher sales of machinery, equipment and supplies, and motor vehicle and parts contributed to most of the increase.

Nationally, inventories rose 0.3 per cent to $56.5 billion in July, their seventh consecutive monthly increase.