Monitor CA Core Retail Sales m/m to gauge consumer spending trends, excluding volatile auto sales.
Automobile sales represent approximately 20% of total retail sales, but they are highly volatile and can obscure the true trend. Therefore, the Core data is believed to provide a more accurate reflection of spending patterns.
What it Measures
Change in the overall value of retail sales, excluding automobile sales.
Usual Effect
'Actual' outcomes exceeding 'Forecast' typically have a positive impact on the currency.
Source & Frequency
Statistics Canada (latest release) - https://www.statcan.gc.ca/en/ • Released every month, roughly 50 days after the close of the preceding month.
How Data is Derived
N/A
Also Known As
Retail Sales Ex Autos
Acronym
N/A