Canada’s retail sales edged up in June as auto sales rebounded, although the underlying trend remained weak, data from Statistics Canada showed on Tuesday.Headline retail sales increased 0.6% in June from May, buoyed by a 3.0% gain in sales at motor vehicle and parts dealers, following a 3.0% decline in May, Statistics Canada said.Sales in other sectors were mixed. Sales at furniture and home furnishings stores rose 1.3%, while sales at food and beverage stores decreased 0.4%. Clothing and accessories stores saw a modest 0.1% increase in sales, following a 0.9% gain in May.In volume terms, retail sales were up 0.5% in June. Retail sales in June were 5.8% above the pre-pandemic level of February 2020. Core retail sales, which exclude sales at gasoline stations and motor vehicle and parts dealers, rose 0.3% in June, after increasing 0.6% in May.Economists had forecast a 0.5% increase in headline retail sales in June. .
June Retail Sales Up, but Underlying Trend Remains Soft
