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- Canada’s retail sales down 0.1 percent in September
Canada’s retail sales down 0.1 percent in September
Statistics
Canada reported on Friday that the Canadian retail sales edged down 0.1 percent
m-o-m to CAD51.58 billion in September, following a revised 0.1 percent m-o-m increase
in August (originally a 0.1 percent m-o-m drop).
The result was in
line with economists’ forecast, suggesting a 0.1 percent m-o-m decline for September.
According to
the report, the September decrease came from lower sales at motor vehicle and
parts dealers (-1.0 percent m-o-m) and gasoline stations (-2.3 percent m-o-m).
Excluding motor
vehicle and parts dealers, retail sales rose 0.2 percent m-o-m in September
compared to an unrevised 0.2 percent m-o-m decline in August and economists’
forecast for a 0.1 percent m-o-m advance. Excluding motor vehicle and parts
dealers and gasoline stations, retail sales surged 0.7 percent m-o-m in September.
In y-o-y terms,
Canadian retail sales jumped 1.0 percent in September, decelerating from 1.1
percent in August.
In the third
quarter, retail sales grew 0.5 percent, following a 1.1 percent climb in the
second quarter.
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