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- Canadian retail sales declined 0.3% in August to $48.9 billion
Canadian retail sales declined 0.3% in August to $48.9 billion
After increasing 0.4% in July, retail sales declined 0.3% in August to $48.9 billion. Sales were down in 8 of 11 subsectors, representing 57% of retail trade.
Lower sales at food and beverage stores more than offset higher sales at gasoline stations and motor vehicle and parts dealers. Excluding the latter two subsectors, retail sales were down 1.3%.
In volume terms, retail sales decreased 0.7%.
Following four consecutive monthly increases, sales at food and beverage stores (-2.5%) declined in August. The decrease was largely attributable to lower sales at supermarkets and other grocery stores (-2.8%). Sales at specialty food stores (+1.4%) were up for the third month in a row.
Sales were down at store types traditionally associated with housing purchases and home renovation in August. Sales at building material and garden equipment and supplies dealers (-1.9%) and furniture and home furnishings stores (-2.4%) declined for the second consecutive month.
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