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Retail trade, March 2023
Retail sales decreased 1.4% to $65.3 billion in March. Sales decreased in 5 of the 9 subsectors, representing 55.5% of retail trade, led by decreases at motor vehicle and parts dealers (-4.4%) and gasoline stations and fuel vendors (-3.9%). Core retail sales—which exclude gasoline stations and fuel vendors and motor vehicle and parts dealers—increased 0.3% in March. In volume terms, retail sales decreased 1.0% in March. Retail sales were up 0.7% in the first quarter of 2023. In volume terms, retail sales were up 1.2%. The decrease in retail sales in March was led by lower sales at motor vehicle and parts dealers ... (full story)
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Canada: Retail Sales decline by 1.4% in March as expected
The data published by Statistics Canada showed on Friday that Retail Sales declined in March by 1.4% on a monthly basis following February's 0.2% decrease. This reading came as expected. Further details of the publication revealed that Retail Sales ex-Autos fell by 0.3% in the same period, less than the 0.8% decline expected. Key takeaways from the report: • Retail sales decreased 1.4% to $65.3 billion in March. Sales decreased in 5 of the 9 subsectors, representing 55.5% of retail trade, led by decreases at motor vehicle and parts dealers (-4.4%) and gasoline stations and fuel vendors (-3.9%). • Core retail ... (full story)