“Retail sales increased 2.0% in May to $50.8 billion, following a 0.9% decline in April,” Statistics Canada reported today.
Key quotes from the official publication
- Sales rose in 8 of 11 subsectors, representing 70% of retail trade.
- Higher sales at motor vehicle and parts dealers and at gasoline stations were the main contributors to the gain in May. Excluding these two subsectors, retail sales were up 0.9%.
- After removing the effects of price changes, retail sales in volume terms increased 2.0%.
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