- Previous month 0.4% revised to 0.6%
- Canadian retail sales 0.6% vs. 0.7% expected
- ex Auto 01% versus 0.5% expected.
- Previous month ex auto revised higher to 1.1% from 0.9%
- Core retail sales – which exclude gasoline stations and fuel retailers and motor vehicle and parts dealers – rose 0.2% in October
- Sales were up in five of nine sub-sectors and were led by increases in motor vehicle and parts dealers.
Viewing the report details:
- The largest increase in retail sales in October was seen at motor vehicle and parts dealers (+2.0%). The increase was driven by higher sales at new car dealers (+2.5%), followed by used car dealers (+2.5%). Auto parts, accessories and tire dealers (-3.3%) were the only type of store within this sub-sector to record a decrease in October.
- Sales at gasoline stations and fuel retailers (-0.5%) were down for the sixth consecutive month in October. In terms of volume, sales at gasoline stations and fuel retailers decreased 4.7%, after an increase of 4.1% in September.
The progress report for November
- A preliminary estimate suggests that retail sales were largely unchanged in November.
- The photo is unofficial and subject to revision.
- Based on responses from 50.6% of the companies surveyed.
- The average final survey response rate over the past year was 88.7%.
This article was written by Greg Michalowski at www.forexlive.com.
Source link
