Money: Statistics Canada reports retail sales edged down 0.1 per cent in August - - PressFrom - Canada
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Money Statistics Canada reports retail sales edged down 0.1 per cent in August

17:35  22 october  2019
17:35  22 october  2019 Source:   msn.com

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OTTAWA - Statistics Canada says retail sales edged down 0 . 1 per cent to .4 billion in December as sales at gasoline stations moved lower due in large part to lower prices at the pump. Economists had expected a contraction of 0.3 per cent for the month, according to Thomson Reuters Eikon.

OTTAWA — Statistics Canada says retail sales edged down 0 . 1 per cent to .4 billion in December as sales at gasoline stations moved lower due in large part to lower prices at the pump. Economists had expected a contraction of 0.3 per cent for the month

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OTTAWA — Statistics Canada says the value of retail sales fell 0.1 per cent in August to $51.5 billion, with price reductions accounting for most of the the unexpected decline.

Economists on average had expected an increase of 0.4 per cent for August, according to the financial markets data firm Refinitiv.

CIBC economist Royce Mendes says the weakness affected nearly half of the subsectors tracked by Statistics Canada and noted that total volumes were up, indicating the pullback was due to lower prices.

Statistics Canada says sales at food and beverage stores fell 0.8 per cent in August, the first move down from the sector in three months.

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Statistics Canada is the national statistical office. The agency ensures Canadians have the key information on Canada 's economy, society and Canada 's international transactions in securities, August 2019. Foreign investors acquired .0 billion of Canadian securities in August , following two

OTTAWA — Statistics Canada says retail sales edged down 0 . 1 per cent to .4 billion in December as sales at gasoline stations moved lower due in large part to lower prices at the pump. Economists had expected a contraction of 0.3 per cent for the month

Meanwhile, sales at gasoline stations fell 0.4 per cent as a result of lower prices at the pump, while gasoline sales rose 2.8 per cent in volume terms.

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Sales at general merchandise stores gained 0.8 per cent and motor vehicle and parts dealers rose 0.1 per cent.

In volume terms, retail sales increased 0.2 per cent in August.

This report by The Canadian Press was first published Oct. 22, 2019.

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