Statistics Canada says retail sales down 0.3% at $65.7B in June
Written by The Canadian Press on August 23, 2024
OTTAWA — Statistics Canada says retail sales fell 0.3 per cent to $65.7 billion in June as sales dropped at new car dealers.
Core retail sales — which exclude gasoline stations and fuel vendors and motor vehicle and parts dealers — rose 0.4 per cent in June.
Sales at motor vehicle and parts dealers fell 2.1 per cent as sales at new car dealers dropped 2.9 per cent and used car dealers saw a decline of 0.6 per cent.
Meanwhile, food and beverage retailers reported sales increased 1.2 per cent as supermarkets and other grocery retailers, except convenience retailers, gained 1.8 per cent.
In volume terms, overall retail sales increased 0.1 per cent in June.
Looking ahead, Statistics Canada said its advance estimate of retail sales for July pointed to an increase of 0.6 per cent for the month, but cautioned the figure would be revised.
This report by The Canadian Press was first published Aug. 23, 2024.
The Canadian Press