Canada: Retail sales decline 0.9% in November vs -0.6% expected
|"Retail sales decreased 0.9% to $50.4 billion in November on lower sales at gasoline stations and motor vehicle and parts dealers," Statistics Canada reported on Wednesday.
Key takeaways from the press release
- Excluding these two subsectors, retail sales increased 0.2%.
- Sales were down in 6 of 11 subsectors, representing 75% of retail trade.
- After removing the effects of price changes, retail sales in volume terms declined 0.4%.
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