Sales at Canadian retailers fell 2.5% in July

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Canadian retail sales fell 2.5% in July

Gasoline prices fell 9.2% while sales volumes fell 7%.

Sales at Canadian retailers fell 2.5% in July to $61.3 billion, their first decline in seven months. The decrease in sales is particularly noticeable at gas stations and clothing and accessories stores.

In its monthly report, Statistics Canada said it was forecasting a 0.4% rise in sales for the month of August, but warned that this figure was provisional and that it would be revised by the release of the full report for this month.

Regressions were seen in July in nine of the eleven sub-sectors studied by the& #x27;federal agency, representing 94.5% of retail.

Revenue from gasoline sales at gas stations fell 14.2% in July: gasoline prices fell 9.2% while sales volumes fell 7% . Sales of apparel and clothing accessories were down 3.3%.

Core retail sales, which exclude gas station sales and those of motor vehicle and parts dealers, fell 0.9%, said Statistics Canada.

Expressed in volume, retail sales fell 2% in July.

Retail sales fell in seven provinces in July. The largest decline of 5% was observed in Ontario, and was mainly attributable to sales at gasoline stations. In Toronto, retail sales fell by 5.7%.

Retail sales also fell in Quebec, by 1.5%. In the Montreal area, they decreased by 2.3%.

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