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.