Canada November retail sales 0.0% vs +0.2% expected ...Middle East

Prelim November estimate was unchangedOctober sales were +0.6%Retail sales ex-autos -0.7% vs +0.1% expectedPrior ex-autos were +0.1% (revised to -0.1%)Core sales -1.0%December advanced sales +1.6%

In terms of sectors, the November decline was led by lower sales at food and beverage retailers (-1.6%), with supermarkets and other grocery retailers (except convenience retailers) (-1.5%) contributing the most to the decline. Sales were also down at general merchandise retailers (-1.0%) and building material and garden equipment and supplies dealers (-2.1%) in November.

On the strong side were car sales up 2.0%.

This article was written by Adam Button at www.forexlive.com.

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