June Canadian Retail Trade up 0.5% on Gasoline Price, Ex-Autos up 1.4%
Ex-Autos m-o-m: up 1.4%
Total Retail Sales m-o-m: up 0.5%
June Canadian Retail Sales Ex-Autos were up 1.4% beating the consensus estimate of a 0.6% increase and up from the disappointing revised 0.6% increase last month (previously reported 0.4% increase). The jump is the third 1% or more increase since the beginning of the year.
The rise was largely led by a 4.2% increase in sales at Gasoline stations mostly reflective of price although Clothing and Accessories were also up 2.5%, Sporting, Hobby, Music and Book Sales up 1.2%, Food and Beverage up 1.3%.
Total Retail Sales were up 0.5% in June, following a revised 0.3% increase prior (previously reported 0.4%) and slightly more than the consensus estimate of a 0.4% increase. The widespread increases (up in 6 of 8 sectors) were dragged down by a 3.1% drop in Sales by New Car Dealers, the fifth consecutive decline, largely on slumping truck sales, although recreational vehicles and parts dealers also posted a 0.8% decline.
Y-o-Y Total Retail Sales were up 4%.
In constant dollars Retail Sales fell 0.4% m-o-m.