Canadian Manufacturing

June retail sales topped pre pandemic levels in June, StatCan reports

Sales were up 1.3% compared with February

August 21, 2020  The Canadian Press

OTTAWA — Statistics Canada reports retail sales soared 23.7% in June to $53.0 billion, climbing above pre-pandemic levels for the first time as more parts of the country moved ahead with plans to reopen their economies.

The agency says sales were up 1.3% compared with February, the last month before broad shutdowns were ordered by public health officials to slow the spread of the COVID-19 pandemic

It added that early estimates suggest retail sales increased by 0.7% in July.

Economists on average had expected an increase of 24.5% for June, according to financial markets data firm Refinitiv.

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Retail sales in June were up across all of the subsectors with the motor vehicle and parts dealers group up 53.4%.

Sales at non-essential retailers also surged higher with clothing and clothing accessories stores posting a 142.3% gain in June.


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