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.