off-the-wire

Canada August retail sales grow 1.0%; seen down 0.7% in September

Kitco Media
By Reuters
Published:
Updated:
Reuters
Canada August retail sales grow 1.0%; seen down 0.7% in September teaser image

Oct 23 (Reuters) - Canadian retail sales grew by 1.0% in August from July at C$70.40 billion ($50.30 billion), on higher sales at motor vehicle and parts dealers, Statistics Canada said on Thursday. Sales likely decreased 0.7% in September, the agency said in a flash estimate.

In August, sales were up in six of the nine subsectors, representing 80.1% of retail sales. In volume terms, retail sales increased by 1.0%.

(Percent changes) Aug Aug Jul(rev) Jul(prev)
mo/mo yr/yr mo/mo mo/mo

Total +1.0 +4.9 -0.7 -0.8

Excluding autos/parts +0.7 +4.5 -1.1 -1.2

NOTE: All figures are seasonally adjusted.

($1=$1.3997 Canadian)

(Reporting by Dale Smith)

Keywords: CANADA ECONOMY/RETAIL

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