off-the-wire

Canada February retail sales fall 0.4%; seen up 0.7% in March

Kitco Media
By Reuters
Published:
Updated:
Reuters
Canada February retail sales fall 0.4%; seen up 0.7% in March teaser image

April 25 (Reuters) - Canadian retail sales fell by 0.4% in February from January at C$69.33 billion ($49.95 billion), on lower sales at motor vehicle and parts dealers, Statistics Canada said on Friday. Sales likely increased 0.7% in March, the agency said in a flash estimate.

In February, sales were down in four of nine subsectors, representing 43.1% of retail trade. In volume terms, retail sales decreased by 0.4%.

(Percent changes) Feb Feb Jan(rev) Jan(prev)

mo/mo yr/yr mo/mo mo/mo

Total -0.4 +4.7 -0.6 -0.6
Excluding autos/parts +0.5 +4.9 +0.1 +0.2
NOTE: All figures are seasonally adjusted.
($1=$1.3880 Canadian)
(Reporting by Dale Smith)

Keywords: CANADA ECONOMY/RETAIL

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