Canada: Wholesale sales declined 0.5% to $61.4 billion in June

"Wholesale sales declined 0.5% to $61.4 billion in June following eight consecutive monthly increases," the Statistics Canada announced on Monday.

Key takeaways:

• Declines were recorded in five of seven subsectors, led by the food, beverage and tobacco subsector and the motor vehicle and parts subsector
• In volume terms, wholesale sales decreased 0.7% from May to June
• In the second quarter of 2017, current dollar wholesale sales increased 2.5% while constant dollar sales increased 1.7%
• For both current and constant dollars, the increase in sales in this quarter was the fifth consecutive quarterly increase