Canada: Retail sales decline 0.9% in November vs -0.6% expected

Eren Sengezer FXStreet

"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%.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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