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Canadian Retail trade, December 2017
Following three consecutive monthly increases, retail sales decreased 0.8% in December to $49.6 billion. Despite this decline, retail sales were up 1.5% in the fourth quarter and up 6.7% for the year. Sales fell in 6 of 11 subsectors, representing 42% of retail trade. Lower sales at general merchandise; health and personal care; and electronics and appliance stores more than offset gains at motor vehicle and parts dealers and food and beverage stores. Excluding motor vehicle and parts dealers, retail sales decreased 1.8%. Retail sales in volume terms were also down 0.8% in December.
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Canada December retail sales fall amid pullback in electronics
Canadian retail sales unexpectedly declined in December after climbing for the past three months as a pullback at electronics and appliance stores offset higher purchases of new cars, data from Statistics Canada showed on Thursday. The 0.8 percent drop surprised economists, who had forecast an increase of 0.2 percent, and was the biggest decline since March 2016. Stripping out the effects of price changes, volumes were down 0.8 percent in December. Sales at electronics and appliance stores tumbled 9.1 percent, giving back some of November’s surge on the back of Black Friday promotions. Purchases at general ... (full story)
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