Canadian retail sales declined 0.1 per cent in July following six consecutive monthly increases. Sales were lower in 5 of 11 retail sub-sectors. In inflation-adjusted terms, retail sales were flat.
In BC, retail sales fell 0.4 per cent on a monthly basis, but were 6.4 per cent higher compared to one year ago. Through the first seven months of the year, retail sales in BC are up a robust 5.7 per cent. At that pace, retail sales on on pace for their fastest growth since 2007.
Copyright BCREA-reprinted with permission
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