Canada Retail Sales Climb 0.9% in July, Seen Up Again in August

By Robb M. Stewart

OTTAWA--Retail trade in Canada rose by the most in 10 months in July, led by a rebound in sales of motor vehicles.

Sales rose 0.9% from the previous month to a seasonally adjusted 66.38 billion Canadian dollars, the equivalent of about US$48.95 billion, Statistics Canada said Friday.

The rise was stronger than the data agency's preliminary estimate for a 0.6% advance. It follows a 0.2% fall in retail sales in June, revised from an earlier estimate of a 0.3% decline.

Compared with a year earlier, retail sales in July were 0.9% higher.

The agency said that early indications suggest sales increased 0.5% in August, though the figure was based on responses from 52.4% of the companies surveyed and will be revised.

Write to Robb M. Stewart at robb.stewart@wsj.com

(END) Dow Jones Newswires

September 20, 2024 08:53 ET (12:53 GMT)

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