Canada: Wholesale sales rose 1.2% to a record $63.7 billion in May

"Wholesale sales rose 1.2% to a record $63.7 billion in May. Sales were up in four of seven subsectors, representing approximately 50% of total wholesale sales," Statistics Canada announced on Monday.

Key takeaways from the official publication

• In volume terms, wholesale sales increased 1.3%.
• In dollar terms, the miscellaneous subsector reported the largest increase in May, as sales rose 7.8% to $8.3 billion.
• Sales were up in four of five industries, led by the agricultural supplies industry (+25.6%) following a 5.4% decline in April.
• In volume terms, the agricultural supplies industry increased 27.4%.