Canada: Wholesale sales fell 1.0% in November to $63.0 billion

"Wholesale sales fell 1.0% in November to $63.0 billion, more than offsetting the 0.7% increase in October," Statistics Canada announced today.

Key takeaways from the press release

• Sales were down in five of seven subsectors, representing about 82% of total wholesale sales.
• In volume terms, wholesale sales decreased 1.2%.
• Wholesale inventories increased for the third consecutive month, up 0.7% to $88.9 billion in November.