Canada: Retail sales edged up 0.1% to $49.1 billion in September

Eren Sengezer FXStreet

"Retail sales edged up 0.1% to $49.1 billion in September. Higher sales at gasoline stations, particularly due to higher prices, were the main contributor to the gain," the Statistics Canada announced on Thursday.

Key highlights

Excluding sales in this subsector, retail sales declined 0.2%.

Sales were up in 5 of 11 subsectors, representing 52% of retail trade.

After removing the effects of price changes, retail sales in volume terms decreased 0.6%.

On an unadjusted basis, retail e-commerce sales totalled $1.2 billion in September, accounting for 2.4% of total retail trade.

On a year-over-year basis, retail e-commerce increased 16.7%, while total unadjusted retail sales rose 6.4%.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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