Canada retail sales for September 0.4% vs 0.4% estimate

• Prior month 0.4%
• Retail sales for September x.x% vs 0.4% est.
• Ex Auto 0.9% vs 0.5% est. Prior month revised -0.8% from -0.7%
• Advanced retail sales estimate for October 0.7%

Details:

• Retail sales increased 0.4% to $66.9 billion in September, with gains in six of nine subsectors, led by food and beverage retailers.
• Core retail sales (excluding gasoline, fuel vendors, and motor vehicles/parts) rose 1.4% in September.
• Retail sales in volume terms increased 0.8% in September.
• Retail sales were up 0.9% in Q3, with a 1.3% increase in volume terms.
• Food and beverage retailers saw a 3.0% rise in sales, driven by a 3.3% increase at supermarkets and grocery retailers, following a 1.9% decline in August.
• Beer, wine, and liquor store sales increased 4.4%, marking the first rise in three months.
• Sales at building material and garden equipment/supplies dealers increased 3.0% in September.
• Core retail sales decreased for clothing, accessories, shoes, jewelry, and related goods, down 0.8% in September.

From the providences:

• Retail sales increased in five provinces in September, with Alberta leading at +2.3%, driven by higher sales at motor vehicle and parts dealers.
• Quebec saw a 0.6% rise in retail sales, with a 0.3% increase in the Montréal CMA.
• Ontario experienced the largest provincial decline at -0.1%, due to lower sales at motor vehicle and parts dealers, while sales in the Toronto CMA remained unchanged

This article was written by Greg Michalowski at www.forexlive.com.