MoM Change in Retail Sales Excluding Autos in Canada
Canada| Date | Value | ||
|---|---|---|---|
| Forecast | Actual | Deviation | |
| Date | Related Instruments Price Volatility | |||||
|---|---|---|---|---|---|---|
| 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | ||
The month-over-month retail sales excluding automobiles data shows the percentage change in sales within Canada's retail sector, excluding automobile sales, compared to the previous month. This data, released monthly by Statistics Canada, is essential for understanding short-term consumer spending trends more accurately, as automobile sales can be high-priced and volatile.
When retail sales excluding automobiles increase month-over-month, it indicates higher consumer purchasing intent and economic expansion. Conversely, a decrease suggests reduced consumer spending and potential economic stagnation. This data helps policymakers adjust financial and fiscal policies accordingly.
For example, if retail sales excluding automobiles show significant growth, the central bank might consider raising interest rates to curb inflation risks. On the other hand, if sales decline, economic stimulus measures might need strengthening. This data is also crucial for businesses and investors, helping them gauge consumer trends and economic outlooks more precisely.
| Date | Value | Related Instruments Price Volatility | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Forecast | Actual | Deviation | 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | 60 min later | ||
