Retail sales rose a robust 1.0% M/M in value during September – being the seventh increase in nine months and showing a steady 3-month trend pace of growth. Despite declining overall retail prices, volumes were up 1.2%, propelling the monthly gain. The monthly advance of retail sales occurred mainly on…
Tag Archives: retail sales
Canadian Retail Sales on a Roll
Retail sales recorded a second monthly increase, rising 1% in both September and August. The increase in September was almost double the 0.6% gain expected going into the report. The August numbers also provided some good news as the increase represented an upward revision from the previously estimated increase of…