May 14, 2024 12:44 GMT
March Wholesales Down As Motor Factories Retool
CANADA DATA
- Wholesales ex-petroleum & grains -1.1% MOM, close to the advance estimate for -1.3%. Wholesales -0.4% YOY.
- Sales volumes -1.2% after +0.2% in Feb.
- Decrease was led by motor vehicles and parts, motor vehicles -7% as factories are retooling.
- Inventories +0.7% to +CAD128B in March after posting the lowest level since Dec 2022 in Feb.
- Q1 wholesales -0.4% to CAD246b, also led by autos.
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