Markets

CANADA ECONOMICS: Retail Sales For November 2013

An image of a pen on a stock chart
Credit: Shutterstock photo

Retail sales rose 0.6% in November to $41.0 billion, the fourth increase in five months. This increase was largely attributable to higher sales at motor vehicle and parts dealers as well as electronics and appliance stores, Statistics Canada said Thursday.

EX-autos the increase was 0.4% in November versus a forecast 0.3%.

Gains were observed in 9 of 11 subsectors, accounting for 72% of retail trade. Weather and the timing of new product releases had a greater effect on monthly sales than promotional events in November such as Black Friday.

In volume terms, retail sales rose 0.8%.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Other Topics

Commodities