Retail sales in Canada likely jumped by 1.5% month-over-month in October of 2022, preliminary estimates showed. Considering September, retail sales fell by 0.5% from a month earlier, in line with preliminary estimates and contracting from the 0.4% advance in August. Retail sales fell in 7 of the 11 subsectors, led by the third consecutive decline in gasoline stations (-2.4%), despite higher sales volumes as gas prices declined 7.4% on the month. Turnover also fell in food and beverage stores (-1.3%), mainly in supermarkets (-1.6%) and convenience stores (-1.3%). On the other hand, higher sales were seen for furniture and home furnishing stores (1.4%) and clothing stores (1.5%). On a yearly basis, retail trade rose by 6.9% in September, easing from the 7% jump in the prior month. source: Statistics Canada

Retail Sales MoM in Canada averaged 0.40 percent from 1991 until 2022, reaching an all time high of 24.00 percent in May of 2020 and a record low of -23.60 percent in April of 2020. This page provides - Canada Retail Sales MoM - actual values, historical data, forecast, chart, statistics, economic calendar and news. Canada Retail Sales MoM - data, historical chart, forecasts and calendar of releases - was last updated on December of 2022.

Retail Sales MoM in Canada is expected to be -0.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Canada Retail Sales MoM is projected to trend around 0.50 percent in 2023, according to our econometric models.

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Canada Retail Sales MoM



Calendar GMT Actual Previous Consensus TEForecast
2022-10-21 12:30 PM Aug 0.7% -2.2% 0.2% 0.4%
2022-11-22 01:30 PM Sep -0.5% 0.4% -0.5% -0.5%
2022-12-20 01:30 PM Oct -0.5% 1.5%


Related Last Previous Unit Reference
Retail Sales MoM -0.50 0.40 percent Sep 2022
Retail Sales Ex Autos -0.70 0.50 percent Sep 2022
Retail Sales YoY 6.90 6.50 percent Sep 2022
Consumer Spending 1226392.00 1229469.00 CAD Million Sep 2022
Disposable Personal Income 1519492.00 1480976.00 CAD Million Jun 2022
Personal Savings 6.20 8.10 percent Jun 2022
Consumer Credit 726072.00 724281.00 CAD Million Sep 2022
Private Sector Credit 4638279.00 4618799.00 CAD Million Sep 2020
Households Debt to Income 181.65 179.31 percent Jun 2022
Households Debt to GDP 105.64 106.48 percent of GDP Jun 2022

Canada Retail Sales MoM
In Canada, the Retail sales report provides an aggregated measure of sales of retail goods and services over a specific time period. In Canada, Retail sales are seasonal, volatile and relatively important to the overall economy.
Actual Previous Highest Lowest Dates Unit Frequency
-0.50 0.40 24.00 -23.60 1991 - 2022 percent Monthly

News Stream
Canadian Retail Sales Seen Sharply Higher in October
Retail sales in Canada likely jumped by 1.5% month-over-month in October of 2022, preliminary estimates showed. Considering September, retail sales fell by 0.5% from a month earlier, in line with preliminary estimates and contracting from the 0.4% advance in August. Retail sales fell in 7 of the 11 subsectors, led by the third consecutive decline in gasoline stations (-2.4%), despite higher volumes of sales as gas prices declined 7.4% on the month. Turnover also fell in food and beverage stores (-1.3%), mainly in supermarkets (-1.6%) and convenience stores (-1.3%). On the other hand, higher sales were seen for furniture and home furnishing stores (1.4%) and clothing stores (1.5%). On a yearly basis, retail trade rose by 6.9% in September, easing from the 7% jump in the prior month.
2022-11-22
Canadian Retail Sales Seen Lower in September
Retail sales in Canada likely fell by 0.5% month-over-month in September of 2022, preliminary estimates showed. Considering August, retail sales rose by 0.7% from a month earlier, ahead of preliminary estimates of a 0.4% rise and rebounding from a downwardly revised contraction of 2.2% in July. The increase was led by higher turnover in food and beverage stores (2.4%), with sharp increases for both grocery stores (2.6%) and convenience stores (2.6%). Retail also grew in motor vehicle and parts dealers (0.6%), supported by expansion of sales in auto dealers (6%) and used car dealers (2.7%). Contrarily, turnover fell at gasoline stations (-0.2%) due to prices at the pump, since volume of gasoline sold increased by 7%. On a yearly basis, retail trade rose by 7% in August, easing from the 8% jump in July.
2022-10-21
Canada Retail Sales Set to Rebound in August
Retail sales in Canada likely rose by 0.4% month-over-month in August of 2022, preliminary estimates showed. Considering July, retail sales fell by 2.5% from a month earlier, above preliminary estimates of a 2% decline and compared to the downwardly revised 1% increase in June. It was the first decrease in retail turnover since December 2021 and the sharpest since April 2021, as sales contracted for 9 of the 11 subsectors. Lower fuel prices and concerns of a slowing economy led to a 14.2% plunge in sales at gasoline stations, halting six consecutive months of sharp growth in the sector. Sales also fell in clothing and accessories stores (-3.3%), and electronics and appliances stores (-2.8%). On an annual basis, retail trade rose by 8% in July, easing from the upwardly revised 11.1% in the prior month.
2022-09-23