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. source: Statistics Canada

Retail Sales MoM in Canada averaged 0.40 percent from 1991 until 2022, reaching an all time high of 24 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 September of 2022.

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 2023, according to our econometric models.

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Canada Retail Sales MoM



Calendar GMT Actual Previous Consensus TEForecast
2022-08-19 12:30 PM Jun 1.1% 2.3% 0.3% 0.3%
2022-09-23 12:30 PM Jul -2.5% 1% -2% -2%
2022-10-21 12:30 PM Aug -2.5% 0.4%


Related Last Previous Unit Reference
Retail Sales MoM -2.50 1.00 percent Jul 2022
Retail Sales Ex Autos -3.10 0.60 percent Jul 2022
Retail Sales YoY 8.00 11.10 percent Jul 2022
Consumer Spending 1230930.00 1205133.00 CAD Million Jun 2022
Disposable Personal Income 1519492.00 1480976.00 CAD Million Jun 2022
Personal Savings 6.20 8.10 percent Jun 2022
Consumer Credit 718124.00 714545.00 CAD Million Jul 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
-2.50 1.00 24.00 -23.60 1991 - 2022 percent Monthly

News Stream
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
Canada Retail Sales Seen Sharply Lower in July
Retail sales in Canada likely fell by 2% month-over-month in July of 2022, preliminary estimates showed. Considering June, retail sales rose 1.1% from a month earlier, well above preliminary estimates of a 0.3% increase and picking up from the upwardly revised 2.3% advance in May. Sales were up for 8 of the 11 subsectors, led by the sixth consecutive month of higher turnover at gasoline stations (3.9%), despite recording lower volumes from the previous period. Retail also rose for motor vehicle and parts dealers (2.8%), supported by new car dealers (2.9%), furnishing stores (1.3%), and clothing and accessories stores (2.1%). On an annual basis, retail trade rose by 11% in June, easing from the 14.4% jump in May.
2022-08-19
Canada Retail Sales Set to Edge Higher in June
Retail sales in Canada likely rose by 0.3% month-over-month in June of 2022, preliminary estimates showed. Considering May, retail sales increased by 2.2% from a month earlier, above preliminary estimates of a 1.6% increase and picking up from a downwardly revised 0.7% advance in the prior month. Sales were up for 8 of the 11 sectors, led by higher turnover at gasoline stations (9.2%), the sharpest increase since May 2020 amid a 12% increase in Canadian gasoline prices. Retail also rose at motor vehicle and parts dealers (3.3%), rebounding from three consecutive months of declines, and general merchandise stores (1.4%). On an annual basis, retail trade jumped by 14.1% in May, advancing from an upwardly revised 9.5% increase in April.
2022-07-22