Market news
19.07.2019, 12:39

Canada’s retail sales down 0.1 percent in May

Statistics Canada reported on Friday that the Canadian retail sales edged down 0.1 percent m-o-m to CAD51.46 billion in May, following a revised 0.2 percent m-o-m gain in April (originally a 0.1 percent m-o-m increase). That marked the first monthly decrease in retail sales since January.

The result was below economists’ forecast, suggesting a 0.3 percent m-o-m advance for May.

According to the report, sales declined in 4 of 11 subsectors, representing 39 percent of retail trade.

The May drop was primarily attributable to lower sales at food and beverage stores (-2.0 percent m-o-m).

Excluding motor vehicle and parts dealers, retail sales fell 0.3 percent m-o-m in May compared to an unrevised 0.1 percent m-o-m gain in April and economists’ forecast of a 0.4 percent m-o-m rise.

In y-o-y terms, Canadian retail sales jumped 1.0 percent in May, following an unrevised 3.7 percent jump in April. That was the smallest annual increase in retail trade since January.

© 2000-2024. All rights reserved.

This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

AML Website Summary

Risk Disclosure

Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.

Privacy Policy

Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.

Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.

Bank
transfers
Feedback
Live Chat E-mail
Up
Choose your language / location