Retail Sales Down 0.8 Percent in May Led by Decreases at Food and Beverage Retailers

Retail Sales Down 0.8 Percent in May Led by Decreases at Food and Beverage Retailers
A customer shops at a grocery store in Toronto, on May 30, 2024. (The Canadian Press/Chris Young)
The Canadian Press
Updated:
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Statistics Canada says retail sales fell 0.8 percent to $66.1 billion in May, weighed down by decreases at grocers and alcoholic beverage retailers.

The agency says sales were down in eight of the nine subsectors it tracks led by the 1.9 percent decline in sales at food and beverage retailers.

Sales at building material and garden equipment and supplies dealers fell 2.7 percent and sales at general merchandise retailers declined one percent.

Core retail sales—which exclude gasoline stations and fuel vendors and motor vehicle and parts dealers—fell 1.4 percent in May.

Vehicle sales were the lone area with higher sales, with gains at both new and used car dealers.

In volume terms, retail sales decreased 0.7 percent.

Statistics Canada says its advance estimate of retail sales points to a decline of 0.3 percent in June, but cautioned the figure would be revised.