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.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

API Features Documentation Interested? Click here to contact us
Please Paste this Code in your Website
width
height
 Preview
Canada Retail Sales MoM



Calendar GMT Actual Previous Consensus TEForecast
2022-06-21 12:30 PM Apr 0.9% 0.2% 0.8% 0.7%
2022-07-22 12:30 PM May 2.2% 0.7% 1.6% 1.5%
2022-08-19 12:30 PM Jun 2.2% 0.3% 0.3%


Related Last Previous Unit Reference
Retail Sales MoM 2.20 0.70 percent May 2022
Retail Sales YoY 14.10 9.50 percent May 2022
Retail Sales Ex Autos 1.90 1.10 percent May 2022
Consumer Spending 1205133.00 1195185.00 CAD Million Mar 2022
Disposable Personal Income 1480976.00 1425156.00 CAD Million Mar 2022
Personal Savings 8.10 6.40 percent Mar 2022
Consumer Credit 712376.00 705417.00 CAD Million May 2022
Private Sector Credit 4638279.00 4618799.00 CAD Million Sep 2020
Households Debt To Income 180.02 179.47 percent Mar 2022
Households Debt To GDP 106.48 107.91 percent of GDP Mar 2022

Canada Retail Sales MoM
In Canada, the Retail sales report provides an aggregated measure of sales of retail goods and services over a specific time period. In Canada, Retail sales are seasonal, volatile and relatively important to the overall economy.
Actual Previous Highest Lowest Dates Unit Frequency
2.20 0.70 24.00 -23.60 1991 - 2022 percent Monthly

News Stream
Canada Retail Sales Set to Edge Higher in June
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.
2022-07-22
Canada Retail Sales Set to Rise in May
Retail sales in Canada likely rose by 1.6% month-over-month in May of 2022, preliminary estimates showed. Considering April, retail trade increased by 0.9% from a month earlier, above preliminary estimates of a 0.8% rise and picking up from an upwardly revised 0.2% gain in March. Sales were up for 6 of the 11 subsectors, led by higher turnover for general merchandise stores (4.2%), with sharp increases recorded for food items. Sales activity was also higher in gasoline stations (3%), even though gasoline prices in Canada were seen 0.7% down during the month. On the other hand, turnover took a downturn for motor vehicles and parts dealers (-0.3%), due to lower car sales (-0.8%). On an annual basis, retail trade jumped by 9.2% in April, advancing from an upwardly revised 2.8% rise in the previous month.
2022-06-21
Canada Retail Sales Set to Rise in April
Retail sales in Canada likely increased by 0.8% month-over-month in April of 2022, preliminary estimates showed. Considering March, retail trade was unchanged from a month earlier, compared to preliminary estimates of a 1.4% rise and an upwardly revised 0.2% gain in the previous month. Sales were up in 10 of the 11 subsectors, led by higher sales at gasoline stations (+7.4%), with gasoline prices soaring 11.8%, partly due to uncertainty surrounding supply following Russia's invasion of Ukraine. In contrast, the main negative contribution came from lower sales at motor vehicle and parts dealers (-6.4%), primarily at new car dealers (-5.9%), amid the ongoing semiconductor chip shortage. On an annual basis, retail trade advanced by 2.7 percent in March, down from an upwardly revised 7.7% surge in the previous month.
2022-05-26