UPDATE 1-Canada Feb wholesale unexpectedly slumps on autos

* Data represent revised sample of sectors

* Inventories edge higher
(Adds details)

OTTAWA, April 21 (BestGrowthStock) – Canadian wholesale trade
unexpectedly slid by 1.2 percent in February from January
following three months of gains, dragged down by vehicles and
machinery and equipment, Statistics Canada said on Wednesday.

Statscan advised that the February numbers reflect
revisions it has made to the sample of wholesalers it surveys,
resulting in changes to all of its data back to 2004, using
January 2010 as the base month.

The figures are therefore not comparable to those released
in previous months. Last month, the agency had estimated that
wholesale trade grew 3 percent in January but with the new data
set, that growth is now pegged at 2.4 percent.

The median forecast of analysts surveyed by Reuters was for
a 0.7 percent gain in wholesale activity in February.

In volume terms, sales fell 1.8 percent in the month.
Inventories edged up 0.1 percent after losing 1 percent in
January, according to the revisions.

Vehicle sales tumbled 5.3 percent, the first decline since
August 2009. Sales in the machinery, equipment and supplies
sector fell 2.8 percent, the first decrease in six months.

Four of the seven wholesale groups declined, representing
about two-thirds of total sales.
(Reporting by Louise Egan, Editing by Chizu Nomiyama)

UPDATE 1-Canada Feb wholesale unexpectedly slumps on autos