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. source: Statistics Canada
Retail Sales MoM in Canada averaged 0.40 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 July of 2022.
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 0.40 percent in 2023 and 0.30 percent in 2024, according to our econometric models.