Issue 17-177 Retail Sales

December 22, 2017

Retailers in British Columbia saw sales increase 2.0% (seasonally adjusted) in October, the seventh increase in the previous eight months. Retail sales were 10.5% higher in October 2017 compared to October 2016.

On an unadjusted basis, retail sales in British Columbia were $697 million, up 11.1% from the $661 million recorded in October 2016. Nearly two-thirds of the increase was attributed to growth in sales at motor vehicle and parts dealers (up 32.1%). Also recording double-digit increases compared to October 2016 were building material and garden equipment and supplies dealers (+28.9%), health and personal care stores (+11.8%), and gasoline stations (+11.2%). These increases more than off-set declines in other retail categories, including a 12.4% drop in sporting goods, hobby, book and music stores.

Nationally, sales were up 1.5% (seasonally adjusted), fueled by a 3.3% rise in sales at new car dealers. Retail sales increased in all provinces, led by a 3.2% jump in Saskatchewan.

Source: Statistics Canada