Thursday, May 22, 2014

BCREA ECONOMICS NOW


Canadian Retail Sales - May 22, 2014
Canadian retail sales edged 0.1 per cent lower in March, following advances in both January and February. Sales were lower in 7 of 11 subsectors, with the biggest declines occurring in the auto sector and clothing stores. In inflation-adjusted terms, retail sales fell 0.2 per cent.  

Retail sales in BC continued to grow in March, rising 1.1 per cent on a monthly basis and 3.6 per cent on a year-over-year basis.  Year-to-date, retail sales are up 3.7 per cent compared to just 2.4 per cent growth for all of 2013.