Canada retail sales slip in December, early January estimate points to rebound
Latest news on WhatsApp أجدد الأخبار على واتسابStatistics Canada reported that retail sales in Canada fell 0.4% in December to C$70.0 billion, pressured by weaker activity at new and used car dealers within the motor vehicle and parts dealer’s subsector.
The agency said motor vehicle and parts dealers declined 1.6% in December, with both new car dealers and used car dealers down 1.8%. Gains at gasoline stations and fuel vendors, up 2.8%, helped offset part of the overall drop.
Core retail sales, excluding gasoline stations and fuel vendors as well as motor vehicle and parts dealers, edged down 0.3% in December. The decline was driven by a 4.0% drop at building material and garden equipment and supplies dealers and a 1.7% decrease at furniture, home furnishings, electronics and appliances retailers.
In volume terms, retail sales were unchanged in December. Statistics Canada’s advance estimate suggested sales increased 1.5% in January, noting the early figure will be revised.
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Tahani Elghazaly5252 Posts
