Nelson BC real estate blog by Robert Goertz of Valhalla Path Realty. Keeping you up to date with the Nelson and West Kootenay real estate markets.
Tuesday, September 23, 2014
Canadian Retail Sales
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.