Winnipeg Free Press - ONLINE EDITION
Posted: 08/22/2013 10:50 AM | Comments: 0
Manitoba’s retail sector is on a bit of a roll, ringing up its third sales increase in the last four months in June.
Statistics Canada said the prvonce’s retailers sold $1.51-billion worth of goods during the month. That was a 1.8 per cent increase from the $1.48 billion in sales recorded in May, and a hefty 6.9 per cent improvement over June 2012’s tally of $1.41 billion.
Statistics Canada said June’s increase was based in large part on the strength of new-car sales.
Manitoba was one of six provinces to report stronger retail sales in June. But only one — Prince Edward Island — saw a bigger month-over-month gain at 2.0 per cent. The year-over-year increase was also the second largest after Alberta’s 7.7 per cent.
Nationally, Canadian retail sales fell a surprisingly large 0.6 per cent in June to $40.1 billion, partially offsetting a large gain in May, as consumers pulled back from purchases of a wide range of products.
"Canadian consumers fared a bit worse than expected," CIBC World Markets economist Emanuella Enenajor said in a research note, noting a 0.8 per cent decline when auto sales are excluded.
"Autos sales were roughly flat, but most other sectors posted acute weakness, including furniture, electronics, building materials, food and clothing," Enenajor wrote.
The June data is disappointing but follow a very strong performance in May, she added.
"To some extent, the month’s numbers were affected by a Quebec labour strike (where the decline in provincial sales was twice the national average) and floods in Alberta (although sales there did no worse than the national average)."
— Staff/Canadian Press
Have you found an error, or know of something we’ve missed in one of our stories? Please use the form below and let us know.
Having problems with the form?Contact Us Directly
Day to promote awareness of mental health raises $6M
Selkirk RCMP arrest four following commercial robberies
Taxi driver acquitted of sexaul assault
Rally to highlight 17-year boil water advisory in Shoal lake
MS Society to announce clinical trials for stem cell treatment
Going without the flow
Garden City residents feeling the power again
Gear up for blast of traditional January weather
'Take a breath, boil some water'
Trial told of years of spousal abuse
Convention-centre settlement approved
City Hall Roundup
Utilities regulator rejects Hydro's rate increase
Parking ban for move peeves new resident
Three years for role in slaying of gangster
Winnipeg radio stations lay off four on-air personalities
Road rage leaves man dead
U of M's faculty of economics ripped
Our inconvenience, their way of life
A Happy Light just isn't enough
Today on TV
Excluding reserves from survey skews jobless rate: economist