Canada: Retail sales declined 0.1% to $50.8 billion in August
|"Retail sales declined 0.1% to $50.8 billion in August, following a 0.2% increase in July," Statistics Canada reported on Friday.
Key takeaways from the press release
- Sales were down in 7 of 11 subsectors in August, representing 52% of retail trade.
- In volume terms, retail sales decreased 0.3%.
- Lower sales at gasoline stations (-2.0%) more than offset gains at motor vehicle and parts dealers (+0.8%).
- Excluding motor vehicle and parts dealers, retail sales declined 0.4%.
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