Retail sales in Canada advanced 4.8% from a month earlier in February of 2021, above market expectations of a 4% rise. It was the first increase in three months and the steepest since last June. Sales increased in 9 of 11 subsectors, led by higher sales at motor-vehicle and parts dealers (5%) and gasoline stations (12.3%). Meanwhile, sales decreased for food & beverages (-1.4%) and health & personal care (-0.8%). Core retail sales which exclude gasoline stations and motor vehicle and parts dealers rose for the first time in three months, increasing 3.8% on higher sales at general merchandise stores (6.1%) and at clothing and clothing accessories stores (23.7%). Preliminary figures for March suggest retail sales rose 2.3%. source: Statistics Canada
Retail Sales MoM in Canada averaged 0.39 percent from 1991 until 2021, reaching an all time high of 23.50 percent in May of 2020 and a record low of -24.90 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 May of 2021.
Retail Sales MoM in Canada is expected to be 0.70 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 2022 and 0.30 percent in 2023, according to our econometric models.