BREAKING: Canadian retail sales reading significantly lower 🔔

Canada retail sales data for November:

•  MoM Actual -0.2% (Forecast 0%, Previous 0.7%, Revised 0.5%)

In November, retail sales in Canada decreased by 0.2% to $66.6 billion, with declines in four of nine subsectors, notably in food and beverage retailers (-1.4%). Core retail sales, excluding gasoline stations, fuel vendors, and motor vehicle and parts dealers, also fell by 0.6%. This decline was primarily driven by reduced sales at food and beverage retailers (-1.4%) and general merchandise retailers (-1.8%). However, there was a notable increase in sales of clothing and related items (+1.5%).

Source: xStation 5