- Canadian retail sales declined 0.1% to $50.8 billion in August, following a 0.2% increase in July
Market news
Canadian retail sales declined 0.1% to $50.8 billion in August, following a 0.2% increase in July
Sales were down in 7 of 11 subsectors in August, representing 52% of retail trade.
Lower sales at gasoline stations (-2.0%) more than offset gains at motor vehicle and parts dealers (+0.8%). Excluding motor vehicle and parts dealers, retail sales declined 0.4%.
In volume terms, retail sales decreased 0.3%.
Receipts at gasoline stations were down 2.0%, largely reflecting lower volumes in August. After removing the effects of price changes, gasoline sales decreased 1.9%.
Lower sales at clothing and clothing accessories stores (-1.2%) stemmed primarily from clothing stores (-1.1%), which saw sales decline for the first time in six months.
Sales at building material and garden equipment and supplies dealers (-1.1%) declined for the second consecutive month.
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