Forex - Canada Feb Retail Sales 0.8% m/m, 0.6% ex autos; volumes less impressive at 0.2%


 12:36 (GMT) 18 Apr

  [Economic Data]

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Canada Feb Retail Sales 0.8% m/m, 0.6% ex autos; volumes less impressive at 0.2% (0101-KPMT-C01)

Continues a run of some firmer numbers after a soft patch, with the 0.8% headline gain above expectations, even with the 0.1pp downward revision to the prior month. This is also not only an auto bounce as ex autos is 0.6% for the best month in quite a while after a flat trend.

Canada Feb Retail Sales 0.8% m/m, 0.6% ex autos; volumes less impressive at 0.2% (0101-KPMT-C02)

However, that said, in volume terms the gain in the month is only 0.2% so the number is somewhat flattered in price terms, with gasoline sales up 1.9% partly on price effects.


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