{"id":475395,"date":"2023-11-15T13:34:43","date_gmt":"2023-11-15T18:34:43","guid":{"rendered":"https:\/\/www.investmentexecutive.com\/?p=475395"},"modified":"2023-11-15T13:34:43","modified_gmt":"2023-11-15T18:34:43","slug":"wholesale-sales-surprise-to-upside","status":"publish","type":"post","link":"https:\/\/www.investmentexecutive.com\/news\/research-and-markets\/wholesale-sales-surprise-to-upside\/","title":{"rendered":"Wholesale sales surprise to upside"},"content":{"rendered":"<p>Wholesale sales (excluding energy and grains) came in stronger than expected, rising by 0.4% in September, according to new data from Statistics Canada.<\/p>\n<p>The national statistical agency reported that sales were up in four out of seven sectors, led by the auto and auto parts industry, which saw sales rise by 2.2% in September.<\/p>\n<p>Analysts expected sales to come in closer to flat, amid slowing economic momentum.<\/p>\n<p>On an annual basis, wholesale sales were up by 1.6%, StatsCan also reported.<\/p>\n<p>For the third quarter, wholesale sales were up by 1.0% from the second quarter to $247.1 billion.<\/p>\n<p>Sales for the third quarter were also 1.1% higher compared with the same quarter last year.<\/p>\n<p>The auto sector led the way in the third quarter, with sales rising 7.3% to $43.1 billion, StatsCan said.<\/p>\n<p>At the same time, wholesale inventories were down by 1.6% in September to $126.2 billion, and the inventory-to-sales ratio fell from 1.55 to 1.52 in the month.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Auto sector leads gain in wholesale activity as inventories shrink<\/p>\n","protected":false},"author":147314,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[2313,2312],"tags":[2395,107304,2551],"yst_prominent_words":[41947,28049,20980,19044,16589,11860,11859,9299,9281,9173,8683,8038,4036],"acf":[],"_links":{"self":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts\/475395"}],"collection":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/users\/147314"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/comments?post=475395"}],"version-history":[{"count":4,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts\/475395\/revisions"}],"predecessor-version":[{"id":475414,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts\/475395\/revisions\/475414"}],"wp:attachment":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/media?parent=475395"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/categories?post=475395"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/tags?post=475395"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/yst_prominent_words?post=475395"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}