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. 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 September 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.