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PREVIEW: May Retail Sales -- Tuesday....>

CANADA DATA
CANADA DATA: PREVIEW: May Retail Sales -- Tuesday 8:30 EST
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- MNI median +20% MoM, prior -26.4%, and ex-auto retail sales +13.5%, prior
-22%.
- May retail sales expected to show signs of rebounding with auto sales leading 
- Gasoline prices also contribute to May ex-auto sales, but gas spending still
below the pre-COVID period
- Retailers should benefit from store reopening, especially clothing and
furnishing stores
- June and July retail sales seen to show gains as more limits started to ease
MNI Washington Bureau | +1 202-371-2121 | jean.yung@marketnews.com
MNI Washington Bureau | +1 202-371-2121 | jean.yung@marketnews.com

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