Canadian Manufacturing

Statistics Canada says retail sales climbed 1.1% in September

Retail sales were up in nine of the 11 subsectors

November 20, 2020  The Canadian Press

OTTAWA — Statistics Canada says retail sales rose 1.1% to $53.9 billion in September to mark the fifth consecutive monthly increase since the record drop in April due to the pandemic.

Economists on average had expected an increase of 0.2%, according financial data firm Refinitiv.

Retail sales were up in nine of the 11 subsectors.

Statistics Canada says core retail sales — which excludes gasoline stations and motor vehicle and parts dealers — rose 1.1%.

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Sales at general merchandise stores climbed 1.8%, while sales at food and beverage stores rose 0.9%, partially due to higher prices for meat, fish and dairy products.

Statistics Canada says its early estimate for October suggests retail sales for the month were relatively unchanged, but noted due to it was a preliminary figure and would be revised.


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