November 24, 2013

Retail sales in Canada up in September

Retail sales in Canada increased 1% to $40.7bn in September, a third consecutive monthly increase, according to the data released by Statistics Canada.

By admin-demo

The rise in sales was largely attributable to higher sales at motor vehicle and parts dealers.

In September, gains were observed in 6 of the 11 subsectors, accounting for 55% of retail trade. Excluding receipts at motor vehicle and parts dealers, sales were relatively flat. In volume terms, retail sales were up 1%.

Sales at motor vehicle and parts dealers rose 4.1% in September while sales at new car dealers increased 5%, the largest monthly gain since January 2009.

Sales automotive parts, accessories and tire stores rose 1.8% while used car dealer sales were up by 0.7%. Sales at other motor vehicle dealers were down 1.3%.Gasoline station sales rose 0.8%, the fourth increase in five months.

Sales at building materials and garden equipment and supplies dealers rose 0.8% while sales at food and beverage stores fell 0.3% in September.

Sales at convenience stores were 1.5% and at beer, wine and liquor stores, sales grew by 0.3%. Electronics and appliance stores sales fell 1.1% in September, the fifth straight monthly decline.

Retail sales rose in nine provinces in September. Ontario was highest among others, in dollar terms, in part, because of higher sales at new car dealers. This was the fourth increase in five months for the province.

In Alberta, retail sales increased 2% in September following relatively stable sales the previous two months. This gain was mainly a result of higher sales at new car dealers as well as at building materials and garden equipment and supplies dealers.

The 0.7% sales gain in Quebec more than offset the decline in August.

Retail sales in British Columbia (+0.4%) increased for the fourth time in five months. In Nova Scotia (+0.3%), sales were up for a seventh straight month.