Wholesale prices decline again
Ottawa, ON -- Wholesale sales declined slightly in November 2003 (-0.1%), with wholesalers selling goods and servic...
Ottawa, ON — Wholesale sales declined slightly in November 2003 (-0.1%), with wholesalers selling goods and services worth $36.5 billion, reports Statistics Canada in its latest survey. This followed a 0.3% decrease in October.
For the first 11 months of 2003, wholesale sales rose 3.7% from the same period of 2002. However, this growth rate is much weaker than the rate observed for the same period of the previous year (+6.0%).
Since February 2003, sales had generally trended downwards, until levelling out by the beginning of summer. Prior to February 2003, wholesale sales had a good stretch of growth extending back to the fall of 2001.
Seven of the 11 trade groups reported an increase in November 2003. The largest gains were in farm machinery (+2.3%), household goods (+1.5%) and computer and electronic products (+1.3%). The apparel and dry goods sector (-3.6%) and the Other Products category (-1.8%) registered the largest decreases.
Measured in constant prices, the volume of sales rose 0.3% in November. Price declines in the automotive sector and the computer and electronic products sector greatly contributed to this increase in the volume of sales.