(Adds details from report)
OTTAWA May 19 Canadian retail sales rose more
than expected in March, driven by increased purchases at new and
used cars dealers, as well as electronics and appliance stores,
data from Statistics Canada showed on Friday.
Sales were up 0.7 percent, exceeding economists' forecasts
for a gain of 0.4 percent, while February's sales were revised
to show a decline of 0.4 percent, less than the initially
reported 0.6 percent decrease.
Sales rose in six out of 11 sectors in March, accounting for
53 percent of total retail trade. Stripping out the effect of
price changes, volumes climbed 1.2 percent.
The motor vehicle and parts sector led the way with a 3.2
percent increase, driven by a 3.8 percent gain in sales of new
cars. Excluding autos, retail sales were down 0.2 percent.
Sales at electronics and appliance stores jumped 3.1
percent. Stores that are usually linked to home purchases and
renovations also continued to see strength, with higher sales at
building material and garden equipment stores, as well as
(Reporting by Leah Schnurr; Editing by Bernadette Baum)