What specific wholesale trade segments saw slower growth in May?

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Wholesale Trade Segments Experienced Moderated Growth in May

In May, the wholesale trade sector experienced slower growth, with specific segments like other specialised wholesale and wholesale of household goods showing reduced momentum. This overall moderation in wholesale trade, alongside a decline in the motor vehicle segment, more than offset the improved growth observed in the retail sector during the same period. The Index of Wholesale and Retail Trade consequently moderated to 3.1 per cent in May, a decrease from the 6.2 per cent recorded in April.
Other Specialised Wholesale and Wholesale of Household Goods Saw Slower Expansion

The deceleration in wholesale trade was primarily driven by the performance of other specialised wholesale activities and the wholesale of household goods. These sub-sectors exhibited a slowdown in their growth rates, contributing to the broader trend of moderated wholesale activity in May.
Motor Vehicle Segment Declined

Beyond the slower growth in specific wholesale categories, the motor vehicle segment within wholesale trade registered a decline. This reduction in sales of motor vehicles further contributed to the overall weakening observed in the wholesale trade index for May.
Overall Index Moderated

The combined effect of moderating wholesale trade and the decline in the motor vehicle segment led to a significant moderation of the Index of Wholesale and Retail Trade. This index, which tracks the performance of both sectors, recorded a growth of 3.1 per cent in May, down from 6.2 per cent in the preceding month.

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What specific wholesale trade segments saw slower growth in May?

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