ISTANBUL: Wholesale sales in Canada decreased 1.1% in March, compared to the previous month, to $81.4 billion, according to the statistics office on Tuesday. The market expectation for wholesale sales, a leading indicator of consumer spending, was to show a decline of 0.9%. The figure for February was revised up to a gain of 0.2% from no change. "Sales declined in three of the seven subsectors, with the largest decline coming from the motor vehicle and motor vehicle parts and accessories subsector," Statistics Canada said in a statement. Wholesale sales in Quebec decreased 2% to $14.7 billion, while British Columbia saw a decline of 2.5% to $7.7 billion. On an annual basis, wholesale sales, excluding petroleum, petroleum products, other hydrocarbons, oilseed, and grain, were 0.4% lower, compared to the same month of last year. Source: Anadolu Agency
Related Articles
Japan launches satellite to ‘monitor’ North Korea
Amid tensions with Pyongyang over missile launches, Japan on Thursday launched a new intelligence-gathering satellite to monitor North Korea’s military activities.Besides monitoring military sites of North Korea, the satellite will also improve the dis…
Turkish stock exchange closes Tuesday with losses
Türkiye’s benchmark stock index ended Tuesday at 4,976.55 points, diving 2.35% from the previous close.Starting the day at 5,076.89 points, Borsa Istanbul’s BIST 100 index dropped by 119.74 points from Monday’s close.The index’s lowest value during the…
IMF revises up China’s 2024 economic growth to 5% from 4.6%
ISTANBUL: The International Monetary Fund (IMF) said Wednesday it expects China’s economic growth to average 5% in 2024 and 4.5% in 2025, which are upward revisions of 0.4 percentage points for both years compared to projections made in April.
The re…