Canadian retail sales rose 0.6 per cent in July on a monthly basis and were 3 per cent higher year-over-year. Retail sale were led by higher sales at gas stations, which grew 3.2 per cent, the largest increase among the 11 retail sub-sectors. Given today's data release, third quarter GDP growth is likely tracking in a range close to 2 per cent.
Retail sales in BC posted dipped 0.1 per cent from June to July but were 2.1 per cent higher year-over-year. Following an anemic sub-2 per cent growth in 2012, BC retail sales have grown just 0.6 per cent year-to-date in 2013.
Copyright BCREA -reprinted with permission
No comments:
Post a Comment