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.