Canadian retail sales for May 2017
The May US retail sales report showed a better than expected +0.6% gain vs 0.3% estimate.
The Ex autos was lower a bit at -0.1% vs 0.0% est.
- Prior was +0.7% (compared to +0.3% expected at the time and 0.8% originally reported
- Ex-autos -0.1% vs 0.0% expected. Prior month was revised to 1.3% from 1.5%.
- Sales at $48.9 billion in May
- Sales up in 5 of 11 subsectors
- Higher sales at motor vehicle parts dealers were the main contributor. Up 2.4% in May.
- After removing the effects of price changes, retail sales in volume terms rose by 1.1%
- E-commerce sales account for 2.3% of total retail sales
