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Canada July retail sales fall 0.7%; seen up 1.3% in August
Core retail sales also fell 0.7% as Statistics Canada said an early August estimate pointed to a 1.3% gain, subject to revision.
- Statistics Canada reported retail sales fell 0.7 per cent to $73.7 billion in July as general merchandise retailers slowed during the month.
- General merchandise retailers fell 1.9 per cent in July following a 2.5 per cent increase in June, while clothing and accessories retailers declined 1.2 per cent and building material dealers gained 0.8 per cent.
- In volume terms, retail sales fell 1.1 per cent, and core retail sales excluding fuel and auto sectors declined 0.7 per cent in July.
- Early data for August suggested a potential turnaround with an estimated 1.3 per cent advance, though Statistics Canada cautioned the figure would be revised.
- Confirmation of the recovery hinges on Statistics Canada's updated August estimate, as preliminary figures await final revision before market analysts can assess momentum.
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17 Articles
17 Articles
Retail sales declined by 0.7% to $73.7 billion in July due to a slowdown in sales of miscellaneous merchandise retailers, according to Statistics Canada.
·Montreal, Canada
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In July, retail sales of miscellaneous goods fell by 1.9%.
·Montreal, Canada
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Coverage Details
Total News Sources17
Leaning Left7Leaning Right0Center4Last UpdatedBias Distribution64% Left
Bias Distribution
- 64% of the sources lean Left
64% Left
L 64%
C 36%
Factuality
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