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July Wholesale Sales Rose for first 6 7.>

CANADA DATA
CANADA DATA: July Wholesale Sales Rose for first 6 of 7 months in 2019 
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- Wholesales +1.7% m/m vs. MNI Median 0.0% and prior +0.7%
- July gain is the fastest since December 2016.
- Sales rise in 4/7 subsectors representing 64% of wholesales. 
- In volume terms, wholesales +1.9% m/m.
- Sales rose in personal/household goods (pharmaceuticals +20%) and 
motor vehicles +4%.
- Wholesale inventories increased (+0.5%) for 11th consecutive month.
- Inventory-to-sales declined from record high in June (1.45) since 
1995 to 1.44. 
- Wholesales +3.4% y/y.

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