Prior month -0.2%The December advance estimate was 0.8%Ex autos +0.6% vs +0.7% expectedPrior month ex auto, -0.5% Ex auto and gas +0.5% vs -0.6% last monthQ4 sales were up 1.0% 2023 sales were up 2.2% y/y led by autosJanuary advanced estimate -0.4%Strength in general merchandise (+2.8%), food & beverage (+1.5%) and supermarkets (+1.8%)Weakness was in furniture and electronics retailers (-2.7%) along with e-commerce -(3.6%)The Canadian dollar is a touch softer on this report as the market focuses on the softer January number. A strong US jobless claims report was released at the same time, which skews the USD/CAD picture. This article was written by Adam Button at www.forexli
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