Prior was +1.1% (revised to +1.2%)Ex autos +0.5% vs +0.8% expectedPrior ex autos was +0.8% (revised to +1.0%)March advance reading +0.6%
The headline number is soft but the revisions were higher and the advance reading for March was strong. That said, surely a big portion of the +0.6% reading in March was gasoline so we’re going to have to wait for the ex-gas number in next month’s report. All told, the Canadian consumer appeared to be in good shape ahead of the Iran war.
This article was written by Adam Button at investinglive.com.