Canadian retail sales fell 2.5% to $61.3 billion in July: StatCan – National


According to Statistics Canada, retail sales fell 2.5% to $61.3 billion in July, the first drop in seven months, sales at gas stations and clothing and clothing accessories having decreased.

However, the agency says its initial estimate for August pointed to a 0.4% gain for the month, but noted that the figure would be revised.

According to Statistics Canada, July sales fell in nine of the 11 subsectors tracked, accounting for 94.5% of retail trade.

Gasoline station sales fell 14.2% for the month as gasoline prices fell 9.2% and gas station sales in volume fell 7.0%. Sales at clothing and clothing accessories stores fell 3.3%.

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Core retail sales – which exclude gasoline stations and motor vehicle and parts dealerships – fell 0.9%.

Expressed in volume, retail sales fell 2.0% in July.

© 2022 The Canadian Press




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