BCREA ECONOMICS NOW

BCREA ECONOMICS NOW

Canadian Retail Sales - July 23, 2015

Canadian retail sales rose 1 per cent in May, the third increase in the past four months. Strength in retail sales was broad based with rising sales in 9 of 11 retail subsectors.  In BC, retail sales were also up 1 per cent on a monthly basis and were up 8.3 per cent compared to May 2014. 

Solid consumer spending could help push May's GDP report into positive territory, though growth in the Canadian economy is still tracking at negative 0.6 per cent for the second quarter. In BC, however, economic growth is tracking at a healthy rate of 2.5 per cent. 

For more information, please contact: 

Cameron Muir Brendon Ogmundson
Chief Economist Economist
Direct: 604.742.2780 Direct: 604.742.2796
Mobile: 778.229.1884 Mobile: 604.505.6793
Email: cmuir@bcrea.bc.ca Email: bogmundson@bcrea.bc.ca

Comments:
No comments

Post Your Comment:

* indicates required fields.
Your Name: *
Please note, your email will not be shown publicly
Your Email (will not be published): *
Comment: *
Please type the text as it appears above:
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.