Canada’s Retail Sales Down 0.6% in January at $69.4B: StatCan

Date:

Statistics Canada says retail sales fell 0.6 percent to $69.4 billion in January as sales in the auto sector moved lower.

The agency says sales at motor vehicle and parts dealers dropped 2.6 percent for the month as sales at new car dealers fell 3.2 percent and automotive parts, accessories and tire retailers saw a 2.8 percent decline.

Used car dealers reported sales rose 1.6 percent.

Statistics Canada says core retail sales—which exclude gasoline stations and fuel vendors and motor vehicle and parts dealers—fell 0.2 percent in January.

In volume terms, overall retail sales fell 1.1 percent in January.

Looking ahead, Statistics Canada says its preliminary estimate for February points to a decrease in retail sales of 0.4 percent for the month, though it cautioned the figure would be revised.

Related Stories

Canada’s Retail Sales up 2.5% to $69.6B in December: StatCan
Retail Used Vehicle Sales Jump 8 Percent in January
spot_imgspot_imgspot_img

Share post:

More like this
Related

300,000 Forced to Evacuate as France, Spain Battle Wildfires

Firefighters from Paris battle a wildfire near Marcheprime, outside,...

Taiwan Officials Warn Beijing Is Turning Taiwans Political Divisions Into Distrust

Beijing does not need to convince the Taiwanese people...

Brazil Denies Visas to 2 US State Department Officials Ahead of Election

Staff members of the Amazonas Regional Electoral Court test...

Berlin Vehicle Attack Suspect Killed in Shootout With Police

Police officers stand near a vehicle crashed into a...