BC retail sales saw a $72 million drop in June

Aug 22 2018, 6:01 pm

Retail sales in British Columbia saw a decrease of 1.8% in the month of June 2018, according to the latest data released today by Statistics Canada.

The number of transactions was $7.126 billion, representing a drop of $72 million compared to the previous month.

This decline in BC was the largest in the country in both percentage and dollar terms. Sales in the province were down in 10 of the 11 subsectors.

As well, Metro Vancouver saw a 2.1% decline in sales, the second consecutive month of the downward trend. The volume of sales in the region fell from $3.4 billion to $3.328 billion.

Six other provinces also saw declines, including Alberta (-1.2%) and Quebec (-0.7%). Within the Toronto region, sales increased by 2% – the fourth consecutive monthly increase – and sales in the Montreal area were down by 0.3%.

Across the country, retail sales during the month saw a 0.2% increase in June to $50.7 billion, which was a slower rate of growth than the 2.2% increase reported in May. Six of 11 subsectors, representing more than half of total retail trade, saw a slump.

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