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Canadian retail sales fell in line with expectations in November, led by a significant drop in sales at clothing stores as the holiday shopping season kicked off.
Retail sales in current dollars declined 0.3% in November to $35.2 billion, after rising for three consecutive months, according to data from Statistics Canada. A contributing factor was lower winter clothing sales as a result of unseasonably warm weather throughout most of Canada.
After removing the effects of price changes, particularly higher gasoline prices, retail sales in volume terms decreased 1.0% in November, the first decline since April 2009.
The automotive sector edged down 0.2% in November. Sales at new car dealers fell 2.2% after rising for six consecutive months.
Sales declined in five of eight retail store sectors in November. A 3.6% decrease at clothing and accessories stores was the largest drop in this sector since September 2002, when above average temperatures also affected seasonal clothing purchases.
Sales in the shoe, clothing accessories and jewelery stores trade group were the most affected by the warm weather, falling 6.8% in November following three months of sales increases. Sales at clothing stores fell 2.6% in November, more than offsetting the growth from the previous month.
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