Bloomberg News

Canada May Retail Sales Index Report (Text)

July 24, 2012

The following is the text of Canada’s retail sales report for May as released by Statistics Canada.

Retail sales rose 0.3% to $38.9 billion in May. Gains were reported in 6 of 11 subsectors, representing 53% of retail trade. Overall, retail sales have been relatively flat since November 2011.

In volume terms, retail sales rose 0.7%.

Food and beverage store receipts rose 1.6% in May. Supermarkets and other grocery stores (+1.8%) led the sales increase, the first rise in five months. Sales in this store type have been relatively flat since the beginning of 2011, as general merchandise stores have continued to gain market share in food sales.

Sales at general merchandise stores increased 0.8%, partially reflecting stronger sales of food. A 0.7% rise in sales at department stores did not offset April’s decline. The “other general merchandise stores” industry (+0.8%) advanced for a seventh consecutive month.

Clothing and clothing accessories stores reported a 1.6% gain in May. Higher sales at clothing stores accounted for most of the increase, advancing for a seventh time in eight months.

Sporting goods, hobby, book and music store sales rose 1.9%, partially offsetting the decrease in April.

Sales at gasoline stations declined 1.4% in May, reflecting lower prices at the pump.

Motor vehicle and parts dealers registered a 0.4% decrease. Lower sales at new car dealers (-0.2%) and automotive parts, accessories and tire stores (-2.2%) accounted for most of the decline.

Sales at new car dealers were down for a third time in four months. Despite recent declines, year-to-date sales in 2012 for this industry were 9.5% above the same period in 2011.

Electronics and appliance store sales declined 0.8% in May. Sales in this subsector have been on a downward trend since the end of 2011.

Sales increase most in Alberta

Retail sales rose in six provinces in May. Alberta (+1.3%) reported the largest increase in dollar terms, with widespread gains across store types. This was the seventh monthly sales gain in 10 months for this province.

The 0.2% rise in sales in Ontario did not offset the 1.1% decline in April.

Continuing an upward trend, retail sales in Saskatchewan (+2.0%) registered a fourth consecutive monthly gain.

Quebec (-0.4%) and New Brunswick (-1.3%) both reported a fourth decline in five months.

Note to readers

All the data in this release are seasonally adjusted and in current dollars, unless otherwise noted. For more information on seasonal adjustment, see Seasonal adjustment and identifying economic trends (http://www.statcan.gc.ca/pub/11-010- x/2010003/part-partie3-eng.htm) .

Total retail sales by volume are measured by deflating values in current dollars of the various trade groups using consumer price indexes. This retail sales in chained dollars series (2002) is a chain Fisher volume index with 2002 as the reference year.

To contact the reporter on this story: Ilan Kolet in Ottawa at ikolet@bloomberg.net

To contact the editor responsible for this story: Marco Babic at mbabic@bloomberg.net


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