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. source: Statistics Canada
Retail Sales MoM in Canada averaged 0.38 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 July 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 0.30 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.