September 28, 2012

Canadian retail sales marginally up in July 2012

The Canadian nation's retail sales in July rose 0.7% in July 2012, according to the data released by Statistics Canada.

By admin-demo

The Canadian nation’s retail sales in July rose 0.7% in July 2012, according to the data released by Statistics Canada.

Retail sales expanded to C$39bn offsetting the decline in June, and the increase was primarily due to the higher sales at motor vehicle and parts dealers, and general merchandise stores, said the report.

The statistics agency said that retail sales rose 0.6% in volume terms.

General merchandise stores registered a 1.5% increase while department store sales rose 2.9% making up for the fall in June.

Sales at building material and garden equipment and supplies dealers increased 1.9%.

Gasoline stations sales climbed 0.7% following declines the previous two months while furniture and home furnishings store sales increased 2.1%.

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Sales in this subsector have continue to remaine relatively unchanged since the end of 2011.

Clothing and clothing accessories stores edged up 0.2% while gains at jewelers, luggage and leather goods stores stood at +4.1%.

Receipts at food and beverage stores dipped 0.9% in July after rising in May and June due to the lower sales at supermarkets and other grocery stores.

Beer, wine and liquor store sales declined for a second consecutive month, decreasing 0.5% while sales at electronics and appliance stores declined for the third time in four months.

Retail sales increased in all provinces in July and the largest contribution to the national gain in dollar terms occurred in Quebec, that posted a gain of +1.0%.

Alberta retail sales were up 1.4%, British Columbia up 0.7%, and sales in Ontario were up a marginal 0.1%.