Canada: After increasing 0.4% in July, retail sales declined 0.3% in August to $48.9 bln
|"After increasing 0.4% in July, retail sales declined 0.3% in August to $48.9 billion," the Statistics Canada reported on Friday.
Key highlights:
- Sales were down in 8 of 11 subsectors, representing 57% of retail trade.
- Lower sales at food and beverage stores more than offset higher sales at gasoline stations and motor vehicle and parts dealers.
- Excluding the latter two subsectors, retail sales were down 1.3%.
- In volume terms, retail sales decreased 0.7%.
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