Canada: Auto Sales Drive Retail Sales Growth in May, But Momentum is Fading

Retail sales rose 0.2% month-on-month (m/m) in May, weaker than the Statistics Canada’s advanced estimate of 0.5%. April’s print was revised down slightly to 1.0% m/m from 1.1% reported originally. Adjusting for the inflation, the volume of retail sales was 0.1% higher on the month. As expected, sales at motor vehicle and parts dealers were […]

The post Canada: Auto Sales Drive Retail Sales Growth in May, But Momentum is Fading appeared first on Action Forex.