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Sales declined in five of the seven subsectors in wholesale sales, with the largest decline
coming from the motor vehicle and motor vehicle parts and accessories
subsector, which fell 3.8%. Wholesale sales were 0.9% lower in May compared with the same
month one year earlier.
Manufacturing sales were mainly driven by higher production in the aerospace product and parts
industry group (+11.2%), followed by higher sales in the food (+1.4%)
and paper (+5.5%) product subsectors. Meanwhile, sales of motor vehicles
(-4.2%) and petroleum and coal products (-2.2%) decreased the most.
This article was written by Adam Button at www.forexlive.com.
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