Canada May retail sales rise 0.3 percent on grocery store receipts

Tue Jul 24, 2012 8:37am EDT
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

(Reuters) - Canadian retail sales in May rose by a weaker-than-expected 0.3 per cent from April, led by food and beverage stores but held back by a drop in auto and gasoline receipts, Statistics Canada said on Tuesday.

Gains were reported in six of 11 subsectors, representing 53 percent of retail trade. In volume terms, retail sales rose 0.7 percent.

NOTE: Figures are seasonally adjusted. Analysts had, on average, forecast a rise of 0.5 percent in overall sales and no change for sales excluding autos.

(Reporting by Alex Paterson; Editing by Louise Egan)