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Aug. 9, 2022

Retail Sales Increase In May

Retail sales reached $67.8 billion in May, an increase of 15.3 per cent on a year-over-year basis, says Statistics Canada. The largest contributor to the increase came from sales of automotive and household fuels (69.8 per cent). Sales of home furniture, furnishings, housewares, appliances, and electronics increased 17.8 per cent from a year ago, with a 47.7 per cent year-over-year increase in outdoor home furniture, followed by home furnishings (29.3 per cent), indoor home furniture (16.7 per cent), and housewares (14.6 per cent).

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