OTTAWA — Canadian retail sales fell in September, led by lower sales at motor vehicle and parts dealers amid a continued global shortage in semiconductors.
Retail sales fell 0.6% in September to a seasonally adjusted 56.64 billion Canadian dollars, or the equivalent of $44.95 billion, Statistics Canada said Friday. The data agency had previously released an advance estimate for September suggesting retail sales could decline by 1.9%.
In the previous month, retail sales rose by a revised 1.8%, a little below the previous estimate of a 2.1% advance.
In volume, or price-adjusted, terms, retail sales declined 1.1% in September.
Statistics Canada said its early indicators for retail sales in October suggest an advance of 1%, although that figure may be revised.
Leave a Reply