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Canada’s Retail Sales Fall 0.7% in September; October Expected to Remain Flat
Canada’s retail sales slipped 0.7% in September to C$69.81 billion, mainly due to weaker motor vehicle and parts sales, according to Statistics Canada. A flash estimate indicates retail sales were essentially unchanged in October. Nine of the retail subsectors posted declines, representing over two-thirds of total sales.
Canada’s retail sales fell 0.7% in September compared with August, dropping to C$69.81 billion ($49.47 billion), Statistics Canada reported on Friday. The decline was driven largely by lower sales at motor vehicle and parts dealers.
In a flash estimate, the agency said retail sales likely showed no change in October.
Sales fell in nine subsectors in September, representing 66.2% of the retail sector. On a volume basis, retail sales were down 0.8%.
Percentage change (seasonally adjusted):
| Sep (mo/mo) | Sep (yr/yr) | Aug (rev) | Aug (prev) | |
|---|---|---|---|---|
| Total | -0.7% | +3.4% | +1.0% | +1.0% |
| Excluding autos/parts | +0.2% | +3.5% | +0.8% | +0.7% |
Note: All figures are seasonally adjusted.
Exchange rate: $1 = C$1.4111.
Reporting by Dale Smith.
Keywords: Canada economy, retail sales
