Finance

Economic and Project Analysis

Posted: March 2018
Retail Sales Commentary, January-December 2017
Next due: late June 2018

Retail Sales Up 2.8% in 2017

Retail sales totalled $9.2 billion during 2017, an increase of 2.8% compared to 2016.

The largest increases in retail value were motor vehicle and parts dealers (up $215.4 million or 9.3%) and gasoline stations (up $113.6 million or 9.7%).

For Canada as a whole, retail sales increased by 6.7% in 2017 relative to the previous year.

Retail Sales by Industry
Newfoundland and Labrador, January-December 2017
Retail Sales Trade Group
($ millions)
2016
2017
Actual
Change
Percent
Change
Automotive
3,490.8
3,819.8
329.0
9.4%
Motor vehicle and parts dealers1
2,316.4
2,531.7
215.4
9.3%
Gasoline stations
1,174.5
1,288.1
113.6
9.7%
Food and beverage stores
2,112.4
2,026.3
-86.1
-4.1%
General merchandise stores
1,264.2
1,242.5
-21.7
-1.7%
Health and personal care
658.6
673.6
15.0
2.3%
Clothing and accessories
335.8
327.4
-8.4
-2.5%
Miscellaneous stores
154.5
153.5
-1.0
-0.7%
Sporting goods, hobby, music and bookstores
129.8
120.6
-9.2
-7.1%
Total
8,988.0
9,241.1
253.1
2.8%

Source: Statistics Canada
1 The motor vehicle figure displayed here includes some used car sales, as well as parts and service labour, and may be higher than those appearing in the Car Sales Bulletin.

Statistical Reference: Statistics used in this analysis were the latest available at the time of writing. For the latest in retail trade statistics visit the Newfoundland & Labrador Statistics Agency site and check the release dates on Statistics Canada site.


 
Economic and Project Analysis Division, Department of Finance - (709) 729-3255 - infoera@gov.nl.ca

 
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