Retail sales in Canada were unchanged in December 2019, following an upwardly revised 1.1 percent gain in the previous month and slightly below market expectations of a 0.1 percent rise. Higher sales at building material and garden equipment and supplies dealers (+3.8 percent); food and beverage stores (+0.5 percent), led by supermarkets and other grocery stores (+0.3 percent); and health and personal care (+1.4 percent) were offset by lower receipts at motor vehicle and parts dealers (-1.3 percent), namely other motor vehicle dealers (-7.7 percent); and gasoline stations (-2.3 percent). On a quarterly basis, retail sales fell 0.2 percent in Q4, after rising 0.3 percent in the prior period. Year-on-year, retail trade increased 2.4 percent, following an upwardly revised 2.2 percent increase in November. Considering 2019 as a whole, retail sales went up 1.6 percent compared to 2018, the smallest rise since 2009 when Canada was in the midst of an economic downturn.
Retail Sales MoM in Canada averaged 0.36 percent from 1991 until 2019, reaching an all time high of 3.70 percent in December of 1997 and a record low of -4.50 percent in January of 1998. This page provides - Canada Retail Sales MoM - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Statistics Canada
Retail Sales MoM in Canada is expected to be 0.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Retail Sales MoM in Canada to stand at 0.30 in 12 months time. In the long-term, the Canada Retail Sales MoM is projected to trend around 0.30 percent in 2021, according to our econometric models.