Building Materials Contribute To Retail Sales Gains

Retail sales were up 1.6 per cent to $57.6 billion in October, with the increase led by higher sales at motor vehicle and parts dealers (+2.2 per cent), as new car dealer sales (+2.8 per cent) rebounded, says Statistics Canada. Sales increased in seven of 11 subsectors, representing 59.9 per cent of retail trade. Core retail sales – which exclude gasoline stations and motor vehicle and parts dealers – increased 1.5 per cent and in volume terms, retail sales were up 0.9 per cent in October. Contributing to the increase were higher sales at building material and garden equipment and supplies dealers (+3.2 per cent). Sales were up for a third consecutive month, following four months of declines from April to July 2021.An advance estimate of retail sales for November suggests an increase of 1.2 per cent over October. Retail sales were up in nine provinces in October, led by higher sales in Ontario (+1.9 per cent). Alberta (+3.8 per cent) posted the second largest increase and Quebec posted the lone provincial decline (-0.2 per cent). On a seasonally adjusted basis, retail eCommerce sales fell 0.9 per cent in October, but on an unadjusted basis, retail eCommerce sales were up 4.2 per cent year over year to $3.3 billion in October, accounting for 5.5 per cent of total retail trade. The share of eCommerce sales out of total retail sales increased 0.1 percentage points compared with October 2020.