Canadian seasonally-adjusted retail sales decreased 2.5 per cent in July to $61.3 billion. Sales fell in 9 of 11 subsectors, but were led by higher sales at gasoline stations and clothing or clothing accessories. Core retail sales, which strips out gasoline and motor vehicle and parts dealers, fell 0.9 per cent in July. In volume terms, sales were down 2 per cent.
In BC, seasonally-adjusted sales fell 1.5 per cent in July. Compared to the same month last year, retail sales were up 4.2 per cent in the province. In the Greater Vancouver region, sales fell 2.2 per cent month-over-month and were up 5.6 per cent year-over-year.
In July, Canadian e-commerce sales were flat month over month, corresponding to 4.7 per cent of retail sales. This percentage remains elevated relative to pre-pandemic levels, but is lower than during core months of the pandemic in 2020 and 2021.
Link: https://mailchi.mp/bcrea/canadian-retail-sales-july-2022
For more information, please contact: Gino Pezzani.
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