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<Econ> Canada Feb Retail Sales +0.7% Below Prelim Est; Mar Est +0.6%
Statistics Canada said on Friday that retail sales rose for a second consecutive month in February, again driven by activity at motor vehicle and parts dealers.Sales increased 0.7%...
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<Econ> Canada Feb Retail Sales +0.7% Below Prelim Est; Mar Est +0.6%
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Statistics Canada said on Friday that retail sales rose for a second consecutive month in February, again driven by activity at motor vehicle and parts dealers.

Sales increased 0.7% MoM to a seasonally adjusted CAD72.1 billion, slightly below the preliminary estimate of a 0.9% gain. The increase for January was revised to 1.2%. On a YoY basis, retail sales in February grew 3.8%.

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The agency said a preliminary estimate suggests sales rose 0.6% in March, based on responses from 62.7% of surveyed retailers, and the figure is subject to revision.

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This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation.

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