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Canada Retail Sales Mom
Last Release
Jan 31, 2023
Actual
1.4
Units In
%
Previous
0.5
Frequency
Monthly
Next Release
Apr 21, 2023
Time to Release
22 Days 19 Hours
Highest | Lowest | Average | Date Range | Source |
23.5 May 2020 | -24.9 Apr 2020 | 0.4 % | 1991-2023 | Statistics Canada |
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.
Latest Updates
Retail sales in Canada likely fell by 0.6% month-over-month in February of 2023, preliminary estimates showed. Considering January 2022, retail sales jumped by 1.4% from a month earlier, following a revised flat reading in December and above preliminary estimates of a 0.7% advance. Sales increased in 9 of the 11 subsectors, led by a sixth consecutive increase for motor vehicles and parts (3%) as retail in new car dealers rose by 3%, the most since May 2022. Sales also increased at gas stations and fuel vendors (2.9%), clothing, accessories, and leather goods retailers (1.8%), and food and beverage retailers (0.8%). Excluding autos, retail sales edged 0.9% higher in January, above estimates of 0.6%. Year-on-year, Canadian retail expanded by 5%, easing from the downwardly revised 5.9% drop in the previous month.
Canada Retail Sales Mom History
Last 12 readings