Canada Retail Sales Mom

Retail sales in Canada are projected to have increased by 0.4% from the previous month in September of 2024, according to a flash estimate. This would mark the third consecutive expansion in retail sales turnover, extending the 0.4% increase in August, which was revised downward from the flash estimate of 0.5%. The rise in August was supported by higher turnover in motor vehicles and parts dealers (3.5%), carried by sales in new car dealers (4.3%), in addition to clothing stores (0.8%), and sporting goods stores (0.9%). These were enough to offset lower sales in fuel vendors (-2.7%), food and beverage retailers (-1.5%), and furniture stores (-1.4%). In volume terms, retail sales were 0.7% higher from the earlier month in August. From the previous year, retail turnover expanded by 1.4%.