• Canadian retail sales grew less than expected in April

Notícias do Mercado

21 junho 2013

Canadian retail sales grew less than expected in April

Canadian retail sales grew less than expected in April as increased spending on new vehicles, electronics and appliances were offset by a decline in gasoline prices and lower clothing sales.

The value of sales edged up 0.1% to 39.52 billion Canadian dollars ($38.10 billion) from an unrevised flat reading in March, Statistics Canada said Friday.

Sales excluding vehicles and auto parts shrank unexpectedly by 0.3% to C$30.46 billion, the same as the prior month, which was revised down from the originally estimated 0.2% drop.

The consensus call was for overall sales to grow 0.2% and the ex-auto figure to be flat, according to a report from Royal Bank of Canada.

Sales volume, which feeds into the calculation of economic growth for the month presented a brighter picture, growing 0.5%.

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