Bloomberg News

Canada October Retail Sales Index Report (Text)

December 20, 2012

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

Retail sales rose for a fourth consecutive month, increasing 0.7% to $39.4 billion in October. Gains were reported in 8 of 11 subsectors, representing 92% of total retail trade. The increase was led by higher sales at motor vehicle and parts dealers and gasoline stations.

In volume terms, retail sales increased 0.3%.

The largest increase in dollar terms among all subsectors was a 1.6% rise at motor vehicle and parts dealers. New car dealers reported a fifth consecutive monthly sales gain, rising 1.6%, on the strength of passenger car sales. Automotive parts, accessories and tire stores rose 6.2%, more than offsetting the decline in September. Sales at used car dealers (-2.1%) declined for a fourth consecutive month.

Gasoline station receipts advanced for a fourth month in a row, increasing 1.6%.

Food and beverage store sales increased 0.5% in October, reflecting higher sales at beer, wine and liquor stores (+1.7%) and at supermarkets and other grocery stores (+0.3%). Gains were also reported by speciality food stores (+1.6%), where sales rose for a sixth consecutive month.

Clothing and clothing accessories store sales increased 1.8%. Higher sales were reported by all store types within this subsector.

General merchandise store sales rose 0.5%. Higher sales in the ‘other general merchandise stores’ industry accounted for the gain, increasing 1.2% in October. Department store sales declined 0.4%.

Furniture and home furnishings store sales (-2.0%) decreased for a third straight month, reflecting weaker sales at furniture stores.

Electronics and appliance stores registered a sales decline of 1.6%. Sales in this store type have been on a general downward trend since the end of 2011.

Sales up in six provinces

Retail sales rose in six provinces in October. The largest contributor to the gain was Quebec, where sales increased 1.8%, following two consecutive monthly sales declines. Higher sales at motor vehicle and parts dealers were the main reason for this gain.

Following flat sales in September, retail sales in Ontario increased 0.5% in October.

Alberta registered a 0.9% sales gain, the fifth increase in six months.

Nova Scotia reported a 0.6% sales decline for the second consecutive month, with widespread weakness across store types.

Sales in Saskatchewan edged down 0.1% in October, after advancing for eight months in a row.

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://www5.statcan.gc.ca/bsolc/olc-cel/colc- cel?catno=11-010-X201000311141&lang=fra) .

Total retail sales expressed in volume are calculated by deflating current dollar values using consumer price indexes. The retail sales series in chained (2007) dollars is a chained Fisher volume index with 2007 as the reference year. For more information, see Calculation of Volume of Retail Trade Sales (http://www23.statcan.gc.ca/imdb-bmdi/document/2406_D13_T9_V1- eng.htm ) .

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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