Retail Sales Increase By 2.5% In September
The total retail sales index was 2.5% higher than the level reached in September 2014, and after adjusting for the annual retail sales rate of inflation, measured at 1.2% in September, the volume of retail sales increased 1.4%.
This is according to the latest retail sales index, which said that motor vehicle retailers recorded the largest increase in sales of 8.9%. Food stores and liquor stores also registered increases while all other sectors recorded declines in sales.
Chart extracted from the report:
“During September 2015, retail sales of motor vehicles increased 8.9 per cent year-over-year. The increase in sales was due to a 11.0 per cent rise in the number of vehicles sold,” the report said.
“Receipts from food sales increased 7.1 per cent, while sales revenue for liquor stores increased 3.8 per cent during September 2015. The sales volume of food stores increased 4.4 per cent, while liquor store volume sales increased 2.7 per cent.”
The full 2015 August Retail Sales Index is below [PDF here]:
Only as a result of the AC participants that are currently here.
If true, so what?