By Paul Vieira
OTTAWA--Retail sales in Canada climbed in September on strong demand for new cars. Excluding the auto sector, sales were flat in the month.
The value of retail sales rose in September to a seasonally adjusted 44.38 billion Canadian dollars ($33.08 billion), Statistics Canada said Tuesday. That matched market expectations, as provided by economists at Royal Bank of Canada.
The August retail data were also revised to show a 0.1% advance in retail sales, versus an earlier estimate of a 0.1% decline.
In volume terms, retail sales advanced 0.6% in September. Economists eye volumes to gauge the level of activity in the economy.
On a year-over-year basis, retail sales jumped 2.5%.
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(END) Dow Jones Newswires
November 22, 2016 08:45 ET (13:45 GMT)
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