../Morning Post
Posted December 22 , 2009
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Retail

Retail sales in current dollars rose 0.8% in October to $35.3 billion

Statscan - This was the eighth gain in 10 months. Excluding the automotive sector, which sales edged down 0.2%.

In volume terms, retail sales increased 0.6% in October. The volume of retail sales has returned to a level last observed before the sharp declines in the last two months of 2008.

All components of the automotive sector (+3.0%) reported higher sales in October. Sales at new car dealers rose for the sixth consecutive month, gaining 3.6%. It was the first month where the value of sales at new car dealers was higher in 2009 than in 2008. While gasoline stations (+2.5%) registered higher sales for a third consecutive month, their sales level continued to be well below the price-driven peak reached in the summer of 2008. Sales at used and recreational motor vehicles and parts dealers (+2.1%) increased for a sixth consecutive month.

Excluding the automotive sector, retail sales edged down 0.2% in October. Higher sales in five of the seven non-automotive sectors were more than offset by declines in the food and beverage (-1.2%) and pharmacies and personal care (-0.9%) sectors. Supermarket sales were down 1.1%, partially offsetting gains made in September. Sales at beer, wine and liquor stores fell 2.2% after increases in August and September.

The largest increase outside the automotive sector was at clothing and accessories stores, where sales advanced 1.9%, the biggest gain since January 2009. Sales at clothing stores rose 1.6% after recording relatively stable sales since May. Shoe, clothing accessories and jewellery stores (+2.8%) registered a third consecutive month of strong sales increases.

Building and outdoor home supplies stores saw their sales rise 1.2%. This growth was led by sales at home centres and hardware stores (+1.8%). Sales for this store type have been following an upward trend since the beginning of 2009.

Sales at general merchandisers edged up 0.2% in October after a strong increase in September.

Sales up in seven provinces

Retail sales rose in seven provinces in October. Ontario (+1.3%) was the largest contributor to the increase with a fifth gain in six months.

Sales rose 0.5% in the Atlantic provinces, led by Newfoundland and Labrador (+1.2%) and Nova Scotia (+0.7%).

British Columbia sales increased 1.9%, continuing the upward trend observed since the beginning of 2009.

After strong gains in September, sales were flat in New Brunswick and Quebec, while they were down in Prince Edward Island (-1.7%).

rrevised, ppreliminary Note(s):Figures may not add up to totals due to rounding.

Note to readers

All data in this release are seasonally adjusted and are expressed in current dollars unless otherwise specified.

Total retail sales by volume are measured by deflating values in current dollars of the various trade groups using consumer price indexes. This retail sales in chained dollars series (2002) is a chain Fisher volume index with 2002 as the reference year.

Submit press release to pressrelease@exchangemagazine.com - Editor Jon Rohr - Content published on this site represents the opinion of the individual/organization and/or source provider of the Content. ExchangeMagazine.com is non-partisan, online journal. Privacy Policy. Copyright of Exchange produced editorial is the copyright of Exchange Business Communications Inc. 2009/*.*. Additional editorials, comments and releases are copyright of respective source(s) and/or institutions or organizations.

 


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