Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Canada April Retail Sales Rise Faster Than Expected on Autos

June 20 (Bloomberg) -- Canadian retail sales rose faster than economists predicted in April on gains for automobiles and food.

Sales increased 1.1 percent to C$41.6 billion ($38.5 billion), Statistics Canada said today in Ottawa. Economists surveyed by Bloomberg News forecast a 0.6 percent increase, based on the median of 19 projections, and the gain exceeded the 1 percent highest forecast increase.

Motor vehicle and parts sales increased 2.4 percent to C$9.69 billion. Purchases excluding the motor vehicle and parts category rose 0.7 percent. Economists had forecast a 0.4 percent increase.

Sales advanced in 10 of 11 categories marking 98 percent of total sales, including a 0.6 percent gain in food and beverage sales to C$9.16 billion.

The volume of sales increased 0.8 percent in April. That measure excludes the effects of price changes and more closely reflects the industry’s contribution to economic growth.

Statistics Canada also revised its estimated March sales change to a 0.1 percent increase from an earlier decline of 0.1 percent.

Retail sales in April were 5.1 percent higher than a year earlier, Statistics Canada said.

To contact the reporter on this story: Greg Quinn in Ottawa at gquinn1@bloomberg.net

To contact the editors responsible for this story: Paul Badertscher at pbadertscher@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.