Retail Sales Up in November

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CBJ — Retail sales were up 0.2% to $50.1 billion in November, attributed mostly to higher sales at gasoline stations and appliance stores.

According to figures released by Statistics Canada, sales trended upwards in six of 11 sub-secgtors, representing 37% of total retail trade.

Sales at gas stations were up just under 6%, mostly on higher prices as opposed to increased volume of litres sold. Promotional events at electronics and appliance stores saw that sector receive a strong bump of almost 13%.

Offsetting the gains, sales fell at motor vehicle and parts dealers 3.6% in November and sales at new car dealers fell 5.3%.

Excluding motor vehicle and parts dealers, retail sales rose 1.6% and volume increased 0.3%.

@CanBizJournal

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