US EditionCanada's July retail sales drop 0.8%, but rebound likely in August
Retail sales in Canada fell to $69.6 billion in July, with supermarkets and clothing retailers seeing declines while motor vehicle dealers experienced a slight increase.
- Retail sales in Canada decreased by 0.8 percent to $69.6 billion in July, as reported by Statistics Canada.
- The decline was attributed to reduced spending at supermarkets and grocery stores, with food and beverage retail sales falling 1.3 percent.
- Despite the July drop, Statistics Canada projected a 1.0 percent increase in overall retail sales for August, though this estimate may change.
- Sales at clothing and accessories retailers fell by 2.9 percent, while core retail sales dropped 1.2 percent in July, according to Statistics Canada.
20 Articles
20 Articles
Canada's July retail sales drop 0.8%, but rebound likely in August
Canada recorded a widely anticipated drop in retail sales in July as purchases across a broad range of products dropped, data from the national statistics agency showed on Friday, with consumers spending less for clothing and groceries.
Statistics Canada reports retail sales down 0.8 per cent in July at $69.6 billion (Business)
Statistics Canada says retail sales fell 0.8 per cent to $69.6 billion in July as shoppers spent less at supermarkets and grocery stores. However, the agency said its advance estimate for August pointed to an increase of 1.0 per cent for overall retail sales for that month though it cautioned the fi...
Statistics Canada reports that retail sales declined by 0.8% to $69.6 billion in July, with consumers spending less on food retailers.
Winnipeg Free Press
Statistics Canada reports retail sales down 0.8 per cent in July at $69.6 billion
Breaking News, Sports, Manitoba, Canada
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