Retail sales in Canada rose 1.1 percent over a month earlier in September 2020, following an upwardly revised 0.5 percent gain in the previous month and beating market expectations of a 0.2 percent increase. It was the fifth successive monthly rise in retail trade, boosted by sales at general merchandise (1.8 percent) and food & beverages (0.9 percent) stores, partially due to higher prices for meat, fish and dairy products. Also, sales at furniture and home furnishings stores rebounded (4.5 percent vs -2 percent in August) and sales at motor vehicle & parts advanced for the fifth straight month (1.5 percent). Year-on-year, retail trade went up 4.6 percent. Considering the third quarter as a whole, retail sales jumped 22.6 percent compared with the previous quarter. Statistics Canada also provided an advance estimate of October’s retail trade, which suggests that sales were relatively unchanged. source: Statistics Canada
Retail Sales MoM in Canada averaged 0.39 percent from 1991 until 2020, reaching an all time high of 22.20 percent in June of 2020 and a record low of -24.80 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 November of 2020.
Retail Sales MoM in Canada is expected to be 0.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Retail Sales MoM in Canada to stand at 0.40 in 12 months time. In the long-term, the Canada Retail Sales MoM is projected to trend around 0.40 percent in 2021 and 0.30 percent in 2022, according to our econometric models.