Wholesale Trade up by 1.9%

Wednesday, 20 July 2011 04:55

Canadian Wholesale Trade, which measure the change in the total value of sales at the wholesale level, increased by 1.9% in May 2011 to 47.6 million Dollars.  Following a 0.1% drop in April, May's results were surprisingly wider.  The expected figure forecasted by economonists was around 0.2%. 

Most of the upturning resulted from increased sales in the agricultural supplies and the farm, lawn, garden machinery and equipment industries.  Forex traders are interested as this is a leading indicator of consumer spending; retailers generally oreder more goods from wholesalers when they expect consumer sale to increase.