Statistics Canada reported on Friday that the Canadian retail sales remained unchanged m-o-m at CAD51.46 billion in June, following a revised 0.2 percent m-o-m drop in May (originally a 0.1 percent m-o-m decrease).

The result was above economists’ forecast, suggesting a 0.1 percent m-o-m drop for June.

According to the report, sales declined in 4 of 11 subsectors, representing 48 percent of retail trade.

The June flat m-o-m performance came as stronger sales across most subsectors were offset by lower sales at motor vehicle and parts dealers (-2.5 percent m-o-m) and gasoline stations (-3.4 percent m-o-m). Excluding motor vehicle and parts dealers, retail sales rose 0.9 percent m-o-m in June compared to a revised 0.4 percent m-o-m decline in May (originally a drop of 0.3 percent m-o-m) and economists’ forecast of flat m-o-m performance. Excluding motor vehicle and parts dealers and gasoline stations, retail sales surged 1.7 percent m-o-m in June.

In y-o-y terms, Canadian retail sales jumped 1.0 percent in June, the same pace as in May.