Canadian September retail sales ex autos 0.0% vs +0.5% exp

Canadian September retail sales

• Retail sales +0.6% vs +0.6% exp


• Prior was -0.1% (revised to +0.1%)


• Ex autos prior 0.0% (revised to +0.2%)


• The revisions higher take some of the sting out of the weak ex-autos numbers.

Details:

• The largest increase was a 2.4% advance at motor vehicle and parts dealers; it was the first gain in 3 months           


• Food and beverage stores -0.8% m/m


• Health and personal care stores -0.6% m/m


• Gasoline stations +0.9% m/m


• General merchandise stores +0.4% m/m


• Furniture and home furnishings -0.0% m/m


• Electronics and appliances +0.3% m/m

There isn"t much to be excited about here. Autos and gasoline were the drivers while consumers mostly cut back elsewhere. Excluding autos and gas, sales were down 0.2% m/m.

Canadian September retail sales ex autos 0.0% vs +0.5% exp
Canadian September retail sales ex autos 0.0% vs +0.5% exp
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