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Statistics Canada Hints That Clothing Consumption Market Growth Is Slowing Down.

2010/7/5 9:54:00 46

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Canada's statistics bureau published the April retail sales market report, Canada April.

Retail sales

The monthly drop of 2% to 36 billion 140 million Canadian dollars (US $35 billion 100 million) fell for the first time since November 2009, and the largest decline since December 2008.

Experts point out that retail sales in Canada have been unstable in the past few months. The Bureau's report suggests that the Canadian consumer market growth has slowed down. The sharp decline in retail sales in April has raised alarm bells for the optimistic forecast of the continuous growth of consumer demand, and will have some reservations about the speed of Canadian economic growth.

It is understood that

Canada

The largest drop in Quebec Province, reaching 3.9%, was the first decline in the province since the end of 2009, while the retail sales of Ontario fell by 1.2% in the 2010 spring and 3 in the 3 month.

Experts further analyzed from various industries, Canada's new car sales in April decreased by 5.3% compared to March, so that the sales of the entire automobile and its spare parts department dropped by 4.8%.

Gasoline retail sales fell for the first time in 2007, a decrease of 3 billion 950 million Canadian dollars, a decrease of 2%.

food

And beverage sales decreased by 8 billion 590 million Canadian dollars, declining 0.5%, 2010 for the first time in 4 months.

Furniture and family equipment sales decreased by 1 billion 250 million Canadian dollars, declining 0.3%, the third consecutive month of decline in the industry.

Other industries also include clothing and accessories retail sales, a decrease of 2 billion 20 million Canadian dollars, a decline of 5.2%;

Sales of building materials and horticultural equipment decreased by 2 billion 470 million Canadian dollars, and the decline was 2%.

In Canada, the only reverse trend in April was the electronic category products and equipment. In the month, the overall retail sales increased by 1 billion 150 million Canadian dollars, growing by 0.6%.

Industry experts say that this phenomenon is linked to the global trend of mobile technology products.