(Reuters) - Statistics Canada reported that strong new car sales
largely explained the third consecutive increase in retail
sales. But excluding the auto sector, which saw gains of 1.6
percent, sales were flat in the month.
Analysts had forecast, on average, a 1.1-percent gain in
total retail sales and a 0.5-percent increase excluding autos.
The weak April data followed a 1.8 percent jump in March retail
sales, revised from 1.9 percent previously.
Read more at Reuters.com Economic News
largely explained the third consecutive increase in retail
sales. But excluding the auto sector, which saw gains of 1.6
percent, sales were flat in the month.
Analysts had forecast, on average, a 1.1-percent gain in
total retail sales and a 0.5-percent increase excluding autos.
The weak April data followed a 1.8 percent jump in March retail
sales, revised from 1.9 percent previously.
Read more at Reuters.com Economic News
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