Friday, November 20, 2015

Canadian Retail Sales

After rising for four consecutive months, Canadian retail sales fell 0.5 per cent in September. Adjusted for the effects of changing prices, in particular declining gasoline prices, the volume of sales was actually up 0.1 per cent.  In BC, retail sales were up 0.2 per cent on a monthly basis and 6 per cent compared to September 2014. Year-to-date, retail sales in the province are up 7 per cent over last year. 

Given today's data release, Canadian real GDP is currently tracking at about 2.5 per cent in the third quarter, while the BC economy is on pace to grow 2.8 per cent for all of 2015. 

Copyright BCREA - reprinted with permission 

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