Canada retail sales for February -0.4% versus -0.4% estimate ...Middle East

Prior month -0.6%Retail sales -0.4% versus -0.4% estimateIn volume terms, retail sales decreased 0.4% in February.Ex auto +0.5% versus -0.4% estimate. Prior month revised from +0.2% to +0.1%The advanced report for March show a gain of 0.7% in March.Retail sales decreased in seven provinces in February. The largest provincial decrease in dollar terms was observed in Quebec (-0.9%), marking its second consecutive monthly decline. In the Montréal census metropolitan area (CMA), sales were down 2.5%

Sales were down in four of nine subsectors and were led by decreases at motor vehicle and parts dealers

Motor Vehicle and Parts Dealers:

All four store types within this subsector saw declines.

Automotive parts, accessories, and tire retailers also fell by -1.6%.

Sales increased by +0.3% in February, marking the fifth consecutive monthly gain.

Core retail sales ex Auto details:

Increased +0.5% in February.

Sales rose +2.8%, driving much of the core retail growth.

Beer, wine, and liquor retailers contributed with a +2.3% increase.

Sales were up +1.2% in February.

Experienced the largest decline among core retail categories with a -2.9% decrease

This article was written by Greg Michalowski at www.forexlive.com.

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