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Canada April retail sales +1.1% vs +0.2% expected
Prior was -1.4%April advanced estimate was -0.2%Ex autos +1.3% versus +0.4% expectedPrior ex autos came in at -0.3%May advanced retail sales +0.5%Sales up 1.4% y/y, inflation adjusted but down 0.4% excluding autosThis is a strong report and the advanced May number shows that the Canadian consumer is holding up better than feared.Core sales have risen for five consecutive months and overall sales rose in 8 of 9 subsectors led by 'general merchandise up 3.3% and food and beverage up 1.5%. However...
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Posted: Jun 21 2023, 12:30
Author Name: forexlive
Views: 111630