Retail sales in Alberta jumped 2% in April: Statistics Canada
CBC News | Posted: June 22, 2016 5:07 PM | Last Updated: June 22, 2016
Spike largely driven by higher gas prices
Retail sales in Alberta jumped two per cent to $6.3 billion in the month of April — the first time spending has risen in five months, official figures show.
The spike was largely driven by higher sales at gas stations and to a lesser extent, general merchandise stores, building materials suppliers and garden centres, according to the Statistics Canada retail trade report.
Retail sales increased in every province, except Manitoba, in April. Across the country sales rose 0.9 per cent to $44.3 billion in April, reversing a drop in March.
Statistics Canada says the overall increase for April was driven by a gain in sales at gasoline stations which climbed 6.0 per cent due to higher prices at the pump.
When the higher cost of gasoline was factored out, the overall volume of retail sales remained "relatively flat," the report said.
The result matched the expectations of economists, according to Thomson Reuters.
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