OTTAWA (Reuters) -Canadian retail sales fell in September, reversing a positive trend last month, as consumers spent less in buying cars, automotive parts and building materials among others, data showed on Friday.
Retail sales fell by 0.7% to C$69.81 billion ($49.47 billion) on a monthly basis after a 1% growth in August, Statistics Canada said on Friday.
Sales were down in six of the nine subsectors, representing 66.2% of retail sales. In volume terms, retail sales decreased by 0.8%.
Retail sales, which include domestic sales of cars, furniture, food, gasoline, are considered an early indicator of gross domestic product growth and contribute around 40% to total consumer spending.
(Reporting by Promit Mukherjee and Dale SmithEditing by Nick Zieminski)
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