Canada Retail a little worse than expected

Written May 22, 2009 at 8:32 AM EST by  

Canada Retail Sales are lower than expectations coming in at +0.3% versus +0.5% expectations.  The core measure that excludes autos fell by -0.2% (exp -0.1%).  Higher auto sales due to discounting contributed to the gains.

Month on month changes are below:

Automotive                 0.5% 
 Gas stations               -2.8% 
Furn/electronics     -0.2% 
Building supplies      -0.6% 
Food & beverage       0.9% 
 Supermarkets             0.9% 
Pharmacies                 0.5% 
Clothing                       -0.5%

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