Retail Sales Rose in May

Canadian Retail Sales - July 24, 2012

Canadian retail sales rose 0.3 per cent in May, with gains reported in 6 of 11 subsectors. Adjusted for inflation, retail sales were up 0.7 per cent.

The retail sector in BC continues to post solid growth in 2012, provincial retail sales increased 0.2 per cent in May while year-over-year sales growth was 4.1 per cent.  

Today's release further solidifies our second quarter Canadian real GDP growth tracking estimate of 1.5 to 2 per cent. 

For more information, please contact: 

Cameron Muir
Chief Economist
Direct: 604.742.2780
Mobile: 778.229.1884

BCREA represents 11 member real estate boards and their approximately 18,000 REALTORS® on all provincial issues, providing an extensive communications network, standard forms, economic research and analysis, government relations, applied practice courses and continuing professional education (cpe).

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