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Retail Sales Volumes Down in July And Overall In August

CANADA DATA
  • July Retail Sales +0.3% vs market forecast of 0%, the gain was led by food and beverage sales. 
  • Excluding autos and gas, sales were +1.3% as both sub-sectors had the only declines. 
  • While gains were widespread across sub-sectors, in volume terms sales decreased by -0.2%. 
  • Excluding autos and gas, July had the strongest volumes increase since May 2022.
  • The advance estimate for August is -0.3%, the first decline in five months. 

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