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- Canada’s retail sales up 0.1 percent in April
Canada’s retail sales up 0.1 percent in April
Statistics
Canada reported on Wednesday that the Canadian retail sales edged up 0.1
percent m-o-m to CAD51.49 billion in April, following a revised 1.3 percent
m-o-m climb in March (originally a 1.1 percent m-o-m increase). That was the smallest
increase in retail trade since January’s drop of 0.3 percent m-o-m.
The result was
below economists’ forecast, suggesting a 0.2 percent m-o-m advance for April.
According to
the report, sales rose in 7 of 11 subsectors, representing 74 percent of retail
trade.
The April advance
was primarily attributable to higher sales at gasoline stations (+1.2 percent
m-o-m) and food and beverage stores (+0.4 percent m-o-m).
Excluding motor
vehicle and parts dealers, retail sales inched up 0.1 percent m-o-m in April compared
to an upwardly revised 1.8 percent m-o-m gain in March (originally a gain of 1.7
percent m-o-m) and economists’ forecast of a 0.3 percent m-o-m rise.
In y-o-y terms,
Canadian retail sales jumped 3.7 percent in April, following an unrevised 2.6
percent advance in March.
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