RSS Canadian Retail Sales Stall in October, Holding Steady at 0.6%

Currently reading:
 RSS Canadian Retail Sales Stall in October, Holding Steady at 0.6%

Status
Not open for further replies.

Crax Bot

Staff member
Administrator
Amateur
LV
0
Joined
Nov 5, 2021
Threads
6,209
Likes
1,916
Credits
32,769©
Cash
0$
The Canadian retail sector has experienced a stall in growth, as evidenced by the latest figures released for October 2024. According to the updated data as of December 20, 2024, retail sales remained unchanged from September, with the indicator holding steady at 0.6%.

This stagnant figure marks consecutive months without advancement, reflecting a steady Month-over-Month comparison since September. The previous month also reported a growth of 0.6%, indicating that while there is no decline, there is similarly no acceleration in retail sales growth, pointing to a potentially stable yet sluggish retail environment.

The unchanged rate suggests consumers are maintaining their spending pace from the previous month, which could be interpreted as a sign of economic stability, but it may also be indicative of consumer caution amidst broader economic uncertainties. Retailers across Canada are closely watching these trends, as the holiday season could provide a much-needed boost or further underscore the current static sales climate.

The material has been provided by InstaForex Company - www.instaforex.com
 
Status
Not open for further replies.
Tips

Similar threads

Top Bottom