US EditionStatistics Canada reports retail sales up 0.7 per cent at $72.1B in February
Seven of nine subsectors rose, with used car dealers up 4.0% and core retail sales gaining 0.6%, Statistics Canada said.
- Statistics Canada reported retail sales in Canada rose 0.7 per cent to $72.1 billion in February, driven by motor vehicle and parts dealers climbing higher.
- Sales increased in seven of nine subsectors, with motor vehicle and parts dealers rising 1.0 per cent; used car dealers added 4.0 per cent while new car dealers gained 0.7 per cent.
- Core retail sales rose 0.6 per cent, led by general merchandise retailers gaining 1.2 per cent and food and beverage retailers adding 0.9 per cent, while clothing and accessories retailers rose 1.1 per cent.
- Toronto-Dominion Bank economist Maria Solovieva noted consumers delivered a solid month, though inflation suggests some momentum stems from higher prices rather than broad-based demand growth.
- Statscan estimates retail sales gained 0.6 per cent in March, while the economy is expected to grow at a below-trend pace this year amid weak population growth and trade headwinds.
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Retail sales increased by 0.7% in February, reaching $72.1 billion, thanks to increased sales of new and used car dealers, according to Statistics Canada.
BCREA: BC RETAILS SALES SHOW BROAD BASED GROWTH
BRITISH COLUMBIA – Canadian retail sales increased by 0.7 per cent to $72.1 billion in February compared to the previous month. Retail sales were 3.8 per cent higher compared to the same time last year. Furthermore, core retail sales, which exclude gasoline and automobile items, increased by 0.6 per cent in February. In volume terms, adjusted for rising prices, retail sales were up 0.3 per cent in February. Retail sales in British Columbia were …
Retail sales surpass $72 billion in February: Statistics Canada
Core retail sales, which exclude gasoline stations and fuel vendors and motor vehicle and parts dealers, were up 0.6% in February. The post Retail sales surpass $72 billion in February: Statistics Canada appeared first on Retail Insider.
Canada Retail Sales Rise 0.7% in February, Miss Expectations Despite Broad Gains - ActionForex
Canada’s retail sales rose 0.7% mom to CAD 72.1B in February, falling short of expectations for a 0.9% increase but still marking a solid gain after recent softness. The advance was relatively broad-based, with sales increasing in seven of nine subsectors. The main driver came from motor vehicle and parts dealers, where sales rose 1.0% […] The post Canada Retail Sales Rise 0.7% in February, Miss Expectations Despite Broad Gains appeared first on…
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