The Canada retail sales for September 2022
Canada retail sales
- Last month 0.7% (was expecting 0.2%). Revise lower to 0.4%
- Preliminary estimate given last month -0.5%
- Retail sales -0.5% vs. -0.5% expected
- Retail sales ex autos -0.7% vs -0.6% expected
- Prior ex autos 0.7% revised to 0.5%
- October preliminary 1.5%
- retail sales are down -1% in the 3rd quarter. This was the 1st quarterly decline since sales fell 11.9% in the Q2 2020
- gasoline sales -2.4%
- food and beverages -1.3%
- building materials and garden equipment and supplies dealers -2.0%
- clothing clothing accessory stores +1.7%
- retail sales declined and 7 provinces led by Québec -1.3%. Sales were down -1.9% in the census metropolitan area of Montréal
- sales fell and 7 of the 11 subsectors in September
Canada retail sales fell in 7 of 11 subsectors in September
The decline came in as expectations and the preliminary figures given last month. The surprise is the fairly strong rebound estimate for the month of October with a gain of 1.5% expected. Manufacturing sales are expected to increase by 2.0% in October.