Retail sales in Canada likely rebounded by 2.1% over a month earlier in August of 2021, preliminary estimates showed, after a big jump in the previous month. Considering July, retail sales edged 0.6% lower, less than preliminary estimates of a 1.2% fall, with sales decreasing in 5 of 11 sub-sector as consumers adapted to the reopening measures across the nation. Main downward pressure came from lower sales at food and beverage stores (-3.4%), which coincided with the return of consumers to restaurants and patios, as well as building material and garden equipment and supplies dealers (-7.3%), the sub-sector’s fourth straight month of declines. In contrast, trade in clothing and clothing accessories stores continued its upward trajectory (+7.6%), reaching a new pandemic high, while sales at motor vehicles and parts dealers went up at a softer pace (+0.4%). On an annual basis, retail trade expanded 5.3% in July, slowing from a 6.2% jump in June. 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 October 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. 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.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

API Features Documentation Interested? Click here to contact us
Please Paste this Code in your Website
width
height
 Preview
Canada Retail Sales MoM


Calendar GMT Actual Previous Consensus TEForecast
2021-06-23 12:30 PM Apr -5.7% 3.6% -5% -5.1%
2021-07-23 12:30 PM May -2.1% -5.7% -3% -3.2%
2021-08-20 12:30 PM Jun 4.2% -2.1% 4.4% 4.4%
2021-09-23 12:30 PM Jul -0.6% 6.0% -1.2% -1.7%
2021-10-22 12:30 PM Aug -0.6% 2% 2.1%
2021-11-19 01:30 PM Sep
2021-12-21 01:30 PM Oct
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Canada Retail Sales Decline Less than Expected
Retail sales in Canada likely rebounded by 2.1% over a month earlier in August of 2021, preliminary estimates showed, after a big jump in the previous month. Considering July, retail sales edged 0.6% lower, less than preliminary estimates of a 1.2% fall, with sales decreasing in 5 of 11 sub-sector as consumers adapted to the reopening measures across the nation. Main downward pressure came from lower sales at food and beverage stores (-3.4%), which coincided with the return of consumers to restaurants and patios, as well as building material and garden equipment and supplies dealers (-7.3%), the sub-sector’s fourth straight month of declines. In contrast, trade in clothing and clothing accessories stores continued its upward trajectory (+7.6%), reaching a new pandemic high, while sales at motor vehicles and parts dealers went up at a softer pace (+0.4%). On an annual basis, retail trade expanded 5.3% in July, slowing from a 6.2% jump in June.
2021-09-23
Canada Retail Sales Likely to Fall Again in July
Retail sales in Canada likely contracted 1.7% mom in July of 2021, preliminary estimates showed, after a big jump in the previous month. Considering June, retail sales jumped 4.2%, the first increase in 3 months, after public health restrictions, which limited non-essential retail activities, were eased in many regions across the country. Leading retail sales in June, sales at clothing and clothing accessories stores increased 49.1% following two months of declines. Also, sales at motor vehicle and parts dealers were up 2.7% and those at gasoline stations rose 6%. 5.2% of retailers were closed at some point in June compared with 5.6% of retailers being closed one month prior. The average length of the shutdown was one day in both May and June.
2021-08-20
Canada Retail Sales Are Set to Rebound in June
Canada retails sales are set to grow 4.4% in June as COVID-19 restrictions eased, according to a preliminary estimate. Meanwhile, in May retail sales were down 2.1% mom in May of 2021, less than market forecasts of a 3% decline. In May, the largest declines occurred at building material and garden equipment and supplies dealers (-11.3%) and motor vehicle and parts dealers (-2.4%). Sales also fell at clothing and clothing accessories stores (-11.2%) but rose 0.8% at food and beverage stores.
2021-07-23
Canada Retail Sales Shrink More than Expected
Retail sales in Canada fell 5.7% over the previous month in April of 2021, above forecasts of a 5% decline. It was the first decrease in retail activity in three months and the steepest since April of 2020, amid store closures due to the third wave of the COVID-19 pandemic. Sales fell in 9 of 11 subsectors, representing 74.2% of retail trade, mostly at clothing and clothing accessories stores (-28.6%) and general merchandise stores (-8.1%). Also, sales at building material and garden equipment and supplies dealers declined for the first time in nine months (-10.4%). About 5% of retailers were closed at some point in April, compared with approximately one-third of retailers being closed at the same time last year. The average length of the shutdown was one day, compared with eight days in April 2020. Preliminary figures for May suggest retail sales likely fell 3.2%. Year-over-year, retail sales jumped 56.7%, primarily due to last year's low base.
2021-06-23

Canada Last Unit Reference Previous Highest Lowest
Retail Sales MoM -0.60 percent Jul/21 4.20 23.50 -24.90
Retail Sales Ex Autos -1.00 percent Jul/21 6.20 14.20 -20.60
Retail Sales YoY 5.30 percent Jul/21 6.70 57.10 -31.80
Consumer Spending 1148842.00 CAD Million Jun/21 1148196.00 1193017.00 182407.00
Disposable Personal Income 1463752.00 CAD Million Jun/21 1431844.00 1473096.00 24872.00
Personal Savings 14.20 percent Jun/21 13.10 28.20 0.40
Consumer Credit 793616.00 CAD Million Jul/21 792582.00 802908.00 11066.00
Private Sector Credit 4638279.00 CAD Million Sep/20 4618799.00 4638279.00 74836.00
Households Debt To Income 172.93 percent Jun/21 167.70 174.31 83.56
Households Debt To GDP 109.07 percent of GDP Jun/21 111.59 112.62 53.55


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.