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A worker is shown in a sea of new cars at a storage lot adjacent to the General Motors assembly plant offices in Oshawa, Ont. June 1/2009. (Kevin Van Paassen/The Globe and Mail)
A worker is shown in a sea of new cars at a storage lot adjacent to the General Motors assembly plant offices in Oshawa, Ont. June 1/2009. (Kevin Van Paassen/The Globe and Mail)

Wholesale sales up for fifth straight month Add to ...

Wholesale sales increased for a fifth straight month in December, rising 0.8 per cent to $45.9-billion.

Statistics Canada reports six of the seven subsectors registered gains, representing almost all of wholesale sales.

In volume terms, wholesale sales were up 1.2 per cent.

The agency says all provinces reported annual gains as wholesale sales increased eight per cent from 2009 to over $530-billion in 2010.

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Nearly half of December's increase came from the machinery, equipment and supplies, and the motor vehicle and parts subsectors.

The machinery, equipment and supplies subsector accounted for more than a third of wholesale gains in December, increasing 1.3 per cent over November to $9.9-billion.

Sales for the motor vehicle and parts subsector rose 1.2 per cent, largely reflecting higher sales by wholesalers of new motor vehicle parts and accessories.

The personal and household goods subsector advanced 0.8 per cent in December, while sales of food, beverages and tobacco products rose 0.6.

The farm products subsector (down six per cent) was the only subsector that recorded a drop in sales in December.

Sales rose in seven provinces in December, while wholesalers in Quebec, Manitoba and Prince Edward Island recorded lower sales.

Inventories fell 0.5 per cent to $52.5-billion. Overall, 14 of the 25 industries registered lower inventories.

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