Canada February retail sales -0.6% vs 0.0% expected

Canadian retail sales data for February

• Prior was +2.2% m/m (revised to +2.3%)


• Ex-autos -0.1% vs -0.3% exp


• Prior ex-autos +1.7% (revised to +2.3%)


• Sales were down in 5 of 11 subsectors

With the upward revision to the prior on the ex-autos line, it"s quite a bit stronger than expected and enough to make the report winner.

On the headline, lower sales at motor vehicle and parts dealers and gasoline stations were the main contributors to the decline.

What stands out in the year-over-year changes is the 8.4% rise in furniture and the 7.4% rise in electronics and appliances. That"s fueled by house price rises.

Canada February retail sales -0.6% vs 0.0% expected
Canada February retail sales -0.6% vs 0.0% expected
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