- Prior month -1.1% revised to -1.2%
- The advanced estimate of retail sales, suggested that sales increased 1.6% in June.
- Retail Sales June 1.5% vs 1.5% est.
- Retail sales ex Auto 1.9% vs -0.3% last month (revised from -0.2%
The advanced estimate for July suggests that sales increased increase by 0.8%.
Other details from the report:
-
Headline sales: Retail sales +1.5% to $70.2B in June.
-
Sectors: Gains across all nine subsectors, led by food & beverage retailers.
-
Core sales: +1.9% in June (ex-gasoline stations, fuel vendors, motor vehicles & parts dealers).
-
Volume terms (June): +1.5%.
-
Quarterly sales (Q2): +0.4%.
-
Quarterly volume sales (Q2): +0.7%.
-
Trade tensions impact
-
27% of retailers reported being affected in June (down from 32% in May).
-
Main impacts: price increases, changes in demand, supply chain delays.
-
-
Core retail sales
-
Core retail sales +1.9% in June.
-
Food & beverage retailers +2.3% (all four store types posted gains).
-
Supermarkets & grocery retailers +1.8% (after -0.6% in May).
-
Beer, wine & liquor stores +4.3%.
-
Convenience stores & vending operators +5.3%.
-
-
Clothing & accessories +5.1%.
-
General merchandise retailers +1.6%.
-
-
Gasoline & autos
-
Gasoline stations & fuel vendors +1.8% (volumes +2.7%), ending three months of declines.
-
Motor vehicle & parts dealers +0.2% (after -3.4% in May).
-
New car dealers +0.1%.
-
Auto parts, accessories & tire retailers +1.1%.
-
Other vehicle dealers -0.1%.
-
-
-
Regional breakdown
-
Retail sales rose in 6 provinces.
-
Ontario +3.2% (Toronto CMA +3.9%), led by autos.
-
British Columbia +1.5% (Vancouver CMA +2.0%), led by building materials & garden supplies.
-
Saskatchewan -1.4%, decline tied to wildfire evacuations and lower auto sales.
-
The USDCAD was trading at 1.3916 ahead of the release. The price is currently trading at 1.3912.
This article was written by Greg Michalowski at investinglive.com.