OTTAWA — Wholesale trade was surprisingly flat in October, as a drop in machinery and equipment sales offset a rise in the vehicle and auto parts sector, Statistics Canada said Monday.
Overall sales were basically unchanged at $44.9 billion during the month, after a 0.7% increase the previous month, the federal agency said.
Economists had expected a gain of around eight% in October.
Wholesale sales fell in eight provinces, with those declines offsetting higher sales in Ontario, Statistics Canada said. Sales in the machinery, equipment and supplies subsector were down 3.5% to $9.1 billion. Meanwhile, the vehicle and parts subsector rose 2.8% to $7.9 billion.
Read more: http://www.cbc.ca/fp/story/2010/12/20/4003216.html#ixzz18fdBzljH
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