Retail sales in Canada likely rose 0.5% month-over-month in December of 2022, preliminary estimates showed. Considering November, retail sales fell by 0.1% from a month earlier, swinging from the downwardly revised 1.3% increase in October and compared to preliminary estimates of a 0.5% increase. Retail turnover fell in 6 of the 11 subsectors, with sharp decreases noted in food and beverage stores (-1.6%), building material and gardening stores (-3.8%), and general merchandise stores (-0.8%). In the meantime, sales at gasoline stations rose by 2.2% in the period, despite the 3.6% decline in gasoline prices due to the reopening of several refineries in the United States. Holding prices constant, retail turnover fell by 0.4% from the previous month. Year-on-year, retail turnover rose by 5.2% in November, the least since March. 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 February of 2023.

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. In the long-term, the Canada Retail Sales MoM is projected to trend around 0.50 percent in 2024, according to our econometric models.

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Canada Retail Sales MoM



Calendar GMT Actual Previous Consensus TEForecast
2022-12-20 01:30 PM Oct 1.4% -0.6% 1.5% 1.5%
2023-01-20 01:30 PM Nov -0.1% 1.3% -0.5% -0.5%
2023-02-21 01:30 PM Dec -0.1% -0.3%


Related Last Previous Unit Reference
Retail Sales MoM -0.10 1.30 percent Nov 2022
Retail Sales Ex Autos -0.60 1.60 percent Nov 2022
Retail Sales YoY 5.20 6.20 percent Nov 2022
Consumer Spending 1226392.00 1229469.00 CAD Million Sep 2022
Disposable Personal Income 1526100.00 1513740.00 CAD Million Sep 2022
Personal Savings 5.70 5.10 percent Sep 2022
Consumer Credit 729928.00 727539.00 CAD Million Nov 2022
Private Sector Credit 4638279.00 4618799.00 CAD Million Sep 2020
Households Debt to Income 182.40 182.61 percent Sep 2022
Households Debt to GDP 103.70 105.17 percent of GDP Sep 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
-0.10 1.30 24.00 -23.60 1991 - 2022 percent Monthly

News Stream
Canadian Retail Sales Likely Rebound in December
Retail sales in Canada likely rose 0.5% month-over-month in December of 2022, preliminary estimates showed. Considering November, retail sales fell by 0.1% from a month earlier, swinging from the downwardly revised 1.3% increase in October and compared to preliminary estimates of a 0.5% increase. Retail turnover fell in 6 of the 11 subsectors, with sharp decreases noted in food and beverage stores (-1.6%), building material and gardening stores (-3.8%), and general merchandise stores (-0.8%). In the meantime, sales at gasoline stations rose by 2.2% in the period, despite the 3.6% decline in gasoline prices due to the reopening of several refineries in the United States. Holding prices constant, retail turnover fell by 0.4% from the previous month. Year-on-year, retail turnover rose by 5.2% in November, the least since March.
2023-01-20
Canadian Retail Sales Seen Contracting in November
Retail sales in Canada likely fell by 0.5% month-over-month in November of 2022, preliminary estimates showed. Considering October, retail sales rose 1.4% from a month earlier, slightly below preliminary estimates of a 1.5% increase and rebounding from the upwardly revised 0.6% drop in September. Retail turnover rose in 6 of the 11 subsectors, led by the first upturn in sales at gasoline stations in four months (6.8%) despite a 3.3% decline in volumes of sales, as Canadian prices soared by 9.2% during the period. Retail sales also rose at motor vehicle and parts dealers (0.3%), amid more turnover for new (1%) and used car dealers (1.4%). In the meantime, sales rose by 2.2% in food stores, supporting core retail sales to rise by 0.9%. On the other hand, sales in clothing and accessories stores fell by 0.6%. Year-on-year, retail turnover rose by 6.4% in October.
2022-12-20
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