Wholesale sales advanced 0.8% to $56.8 billion in August, a fifth consecutive gain. Five of the seven subsectors, representing 80% of total wholesale sales, reported increases. The miscellaneous subsector and machinery, equipment and supplies subsector contributed the most to the rise.
In volume terms, wholesale sales were up 0.8%.
Although sales rose in five subsectors, gains were mainly concentrated in the miscellaneous subsector and the machinery, equipment and supplies subsector.
In dollar terms, the miscellaneous subsector recorded the largest increase, up 3.9% to $7.2 billion, mostly on the strength of higher sales in the agricultural supplies industry. Sales in this industry grew 11.8% to $2.2 billion in August, the third increase in five months. The gain in August reflected higher exports of fertilizer, pesticide and other chemical products.
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