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Aug 22, 2022

Retail Sales Increase Again

Retail sales increased 1.1 per cent to $63.1 billion in June, the sixth consecutive increase, says Statistics Canada. Sales were up in eight of 11 subsectors, representing 76.8 per cent of retail trade. Higher sales at gasoline stations and motor vehicle and parts dealers led the increase. Core retail sales ‒ which exclude gasoline stations and motor vehicle and parts dealers ‒ edged up 0.2 per cent. In volume terms, retail sales were up 0.2 per cent in June. Retail sales were up 3.2 per cent in the second quarter. In volume terms, quarterly sales were up 0.9 per cent. However, advance estimates of retail sales suggest they decreased two per cent in July.

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