Canadian Retail Sales - June 2012

Canadian Retail Sales - August 22, 2012


Canadian retail sales fell 0.4 per cent in June, missing the consensus forecast of a 0.1 per cent gain. Weakness in the retail sector was broad-based with 7 of 11 retail sub-sectors reporting lower sales. Adjusted for inflation, retail sales were down 0.1 per cent.

Retail sales in British Columbia were even more disappointing in June, falling 1 per cent from May. However, through the first half of 2012 retail sales have grown 4.8 per cent, a significant improvement from 2 per cent growth at the half-way point of 2011. 

June retail sales data is the last major data point to be released prior to Statistics Canada's release of second quarter Canadian Real GDP growth next Friday. Today's disappointing retail numbers puts our final tracking estimate of Canadian economic growth for the second quarter at 1.7 per cent. 


For more information, please contact: 

Cameron Muir
Chief Economist
Direct: 604.742.2780
Mobile: 778.229.1884
Email: cmuir@bcrea.bc.ca


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).

Real estate boards, real estate associations and REALTORS® may reprint this content, provided that credit is given to BCREA by including the following statement: “Copyright British Columbia Real Estate Association. Reprinted with permission.”

BCREA makes no guarantees as to the accuracy or completeness of this information.