Retail Sales (MoM) (Canada)
Impressive Jump in Retail Sales Last Month
Starts Wednesday, October 17, 2018 at 03:17
Updated Monday, October 15, 2018
Retail sales have been pretty volatile, but core retail sales which exclude autos are more stable. They have been negative in the last four out of five months, apart from the July report which showed a massive 1.4% increase. Nonetheless, retail sales and core retail sales returned to their negative trend in August. Core retail sales were expected to increase by 0.6%, but instead grew by 0.9%, which was welcomed by CAD buyers. Please follow us for live coverage of this event and its impact on the economic calendar by experienced analysts.
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About Retail Sales (MoM) (Canada)
Released monthly by Statistics Canada, Core Retail Sales (MoM) is a measure of the change in the aggregate value of goods sold by retail merchants. This metric excludes sales from the automobile sector.Core Retail Sales is based upon retailers of various types and sizes. It is meant to be a measure of both consumer confidence and performance of the retail sector. Higher than projected readings indicate economic growth and a bullish view of the CAD. Reports that disappoint estimates are viewed as bearish toward the CAD.