Canada Retail Sales Mom
Jan 31, 2023
Apr 21, 2023
Time to Release
22 Days 19 Hours
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.
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