Retail

Retail sales rise in Canada by 1.1% to $65.9 bn in Apr 2023

25 Jun '23

1 min read

Pic: Adobe Stock

Insights

Canada's retail sales increased by 1.1 per cent to $65.9 billion in April. Sales increased in eight of nine sub-sectors. In volume terms, retail sales rose by 0.3 per cent.
Core retail sales increased by 1.5 per cent, posting the fifth consecutive monthly increase.
One of the largest decreases to core retail sales came from furniture and home furnishings.

Retail sales increased in Canada by 1.1 per cent to $65.9 billion in April this year. Sales increased in eight of nine sub-sectors and were led by increases at general merchandise retailers (3.3 per cent) and food and beverage retailers (1.5 per cent). In volume terms, retail sales increased by 0.3 per cent in the month, according to Statistics Canada.

Core retail sales—which exclude gasoline stations and fuel vendors and motor vehicle and parts dealers—increased by 1.5 per cent, posting its fifth consecutive monthly increase.

One of the largest decreases to core retail sales came from furniture and home furnishings.

Retail sales increased in eight provinces. The largest provincial increase was observed in Ontario (1.3 per cent). In Quebec, retail sales increased by 0.9 per cent in the month.

The largest provincial decrease in the month was observed in Newfoundland and Labrador (minus 1.1 per cent).

On a seasonally-adjusted basis, retail e-commerce sales were down by 6.1 per cent to $3.6 billion in April, accounting for 5.5 per cent of total retail trade compared with 5.9 per cent in March.

Fibre2Fashion News Desk (DS)

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