2 months ago
Economic Indicators

Canada Core Retail Sales Fall More Than Expected

Investing.com - Core retail sales in Canada fell more than expected in November, while total retail sales figures also missed

Investing.com - Core retail sales in Canada fell more than expected in November, while total retail sales figures also missed expectations, official data showed on Wednesday.

Core retail sales, which exclude automobile sales, declined by as seasonally adjusted 0.6%, worse than expectations for a 0.4% drop.

Core sales fell by 0.2% in October, whose figure was revised from a previously reported flat reading.

Total retail sales decreased by a seasonally adjusted 0.9% in November, compared to forecasts for a decline of 0.6%, after rising by a revised 0.2% a month earlier.