Canadian
retail sales rose 0.6 per cent in November, the fourth increase in the past
five months. The advance in sales was largely attributable to higher sales of
motor vehicles and parts as well as electronics and appliances. In
inflation-adjusted terms, retail sales rose 0.8 per cent, a higher rate than
nominal sales growth due to holiday discounting and heightened retail
competition.
Retail
sales are finally showing signs of strength following close to a year of meager
gains. Sales in BC were up 1.4 per cent in November, the third increase in the
past four months. Compared to November
2012, sales were up 4.3 per cent.
Year-to-date, BC retail sales have grown 1.7 per cent over 2012.
Copyright
BCREA – reprinted with permission
No comments:
Post a Comment