Retail sales in Canada likely rose by 0.3% month-over-month in June of 2022, preliminary estimates showed. Considering May, retail sales increased by 2.2% from a month earlier, above preliminary estimates of a 1.6% increase and picking up from a downwardly revised 0.7% advance in the prior month. Sales were up for 8 of the 11 sectors, led by higher turnover at gasoline stations (9.2%), the sharpest increase since May 2020 amid a 12% increase in Canadian gasoline prices. Retail also rose at motor vehicle and parts dealers (3.3%), rebounding from three consecutive months of declines, and general merchandise stores (1.4%). On an annual basis, retail trade jumped by 14.1% in May, advancing from an upwardly revised 9.5% increase in April. source: Statistics Canada
Retail Sales MoM in Canada averaged 0.41 percent from 1991 until 2022, reaching an all time high of 24 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 August of 2022.
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 2023 and 0.30 percent in 2024, according to our econometric models.