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Canada February retail sales -0.2% vs -0.6% expected

Prior was +1.4% (revised to +1.6%)Advanced flash estimate was +0.6%Ex autos -0.7% versus -0.1% expected. Prior ex autos +0.9% Ex auto and gas +0.1%Advanced retail sales for March -1.4% Full reportThis is a disappointing reading, both for the poor ex-autos number in February and the expected drop in March. High rates are really beginning to bite the Canadian consumer.What's been holding up these numbers is motor vehicle and parts dealers, which rose 0.9% in the seventh consecutive increase. That... Read More

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Canada

February

Retail

Sales

Expected

Forex

Posted: Apr 21 2023, 12:30

Author Name: forexlive

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