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Retail sales of clothing retreats in July
01 Oct '07
1 min read
Economic activity increased 0.2% in July, its average pace since the beginning of 2007, after growing 0.2% in June and 0.3% in May. A significant increase in wholesale trade propelled the growth in July, while a drop in oil and gas extraction dampened it.
The strength of the service industries (+0.3%) more than offset the 0.1% decrease in the production of goods. Declines were recorded in the retail trade.
Wholesale trade jumped 2.3% in July, the largest monthly increase recorded since its 4.4% gain in March 2004.
After a strong showing in May, retail trade experienced its second consecutive monthly decrease, down 0.8% in July and 0.7% in June. Sales by new car dealers fell in July.
Sales of clothing and general merchandise stores (which include department stores) also retreated. Gains were recorded by personal care stores.
The strength of the service industries (+0.3%) more than offset the 0.1% decrease in the production of goods. Declines were recorded in the retail trade.
Wholesale trade jumped 2.3% in July, the largest monthly increase recorded since its 4.4% gain in March 2004.
After a strong showing in May, retail trade experienced its second consecutive monthly decrease, down 0.8% in July and 0.7% in June. Sales by new car dealers fell in July.
Sales of clothing and general merchandise stores (which include department stores) also retreated. Gains were recorded by personal care stores.
Statistics Canada
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Jason Kent
British Textile Machinery Association (BTMA)
Therese Premler-Andersson
Textile Machinery Association of Sweden (TMAS)
Unenbat Ch.
GOBI Mongolian Cashmere USA Corp
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