Canada: Wholesale sales increased by 1.5% to $63.9 billion in July

"Wholesale sales rose for the third time in five months, up 1.5% to $63.9 billion in July, more than offsetting the 0.9% decline in June," Statistics Canada reported on Monday.

Key takeaways from the press release

• Sales were up in four of seven subsectors, representing approximately 66% of total wholesale sales.
• The personal and household goods subsector rose for the second consecutive month, up 4.2% to $9.2 billion in July. 
• Wholesale inventories increased for the fifth time in seven months, up 1.4% to $87.1 billion in July.