Wednesday, November 25, 2009

Modest sales recorded in September 09

Retail sales in Canada totalled $34.9 billion in September ’09. This amounted to a 1% increase over August 09. The retail sales, excluding the automobile sector, rose by 1.1%, which is the largest gain recorded since January 09.

However, when compared with September 08, retail sales declined by 3.3%.  The automotive sector declined by 11% followed by furniture and home furnishings at -7.9% and clothing/accessories stores at –4.7%. Food and beverage stores reported an increase of 3.6% in September 09 against September 08. Pharmacy and personal care stores registered a 5.9% increase in sales for the same time period.

The recent retail sales suggest that Canadians have continued spending on essentials and staples, but have tightened their purse strings on discretionary spending. Thus, pharmacies and grocers are doing well, and furniture stores are struggling in Canada.

Source: Statistics Canada.c091123a[1]

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