Canada retail sales increase in October

RBR Staff Writer
Published 23 December 2011

Canadian retail sales increased by 1% to $38.6bn in October, a third consecutive monthly rise, according to Statistics Canada.

Gains were reported in seven out of 11 subsectors, representing 76% of retail sales. In terms of volume, sales were up for a third month in a row, rising 0.6% in October.

Motor vehicle and parts sales grew by 2% in October, boosted by 2.4% growth at new car dealers, which rose for a third straight month.

Other motor vehicle dealers industry also reported a 2.4% increase in sales. Automotive parts, accessories and tire stores sales rose by 1.6%. However, used car dealers reported a 2.9% decline.

Gasoline station sales climbed 1.8%, mainly reflecting higher prices at the pump. Food and beverage stores sales rose for a fifth consecutive month, rising 0.6% in October.

Clothing and clothing accessories stores sales were up by 1.9%. Jewelery, luggage and leather store sales grew by 3.5%.

Sporting goods, hobby, book and music stores sales rose 1.7%. General merchandise store sales, which account for 12% of total retail sales, fell by 0.5%.

Sales at furniture and home furnishings stores slipped for a second consecutive month, falling 0.8% in October.

Source: http://markets.retail-business-review.com/news/canada-retail-sales-increase-in-october-231211

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