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10/22/2021

Statistics Canada says retail sales rose 2.1% in August

Gains at food and beverage stores helped boost August numbers, but estimates suggest sales reversed course in September

Statistics Canada says retail sales rose 2.1% to $57.2 billion in August, boosted by gains at food and beverage stores, gasoline stations and clothing and clothing accessories stores.

However, the agency says its initial estimate for September suggests retail sales reversed course in September and fell 1.9%, though it cautioned the figure will be revised.

In August, sales were up in nine of 11 subsectors as core retail sales--which exclude gasoline stations and motor vehicle and parts dealers--gained 2.7%.

Sales at food and beverage stores rose 4.8%, to post their first increase in three months, as sales at supermarkets and other grocery stores gained 4.5% to lead the way higher.

Clothing and clothing accessories stores saw sales climb 3.9% higher in the month to reach a new record, while higher prices helped gasoline station sales rise 3.8%.

In volume terms, retail sales rose 1.4% in August.