Retail Sales Up 0.9% MoM in December - Retail Council of Canada

Retail Sales Up 0.9% MoM in December

February 28, 2024

Some highlights from last week’s Statistics Canada release on December 2023 retail sales.  

  • December Sales Rise: Retail sales up 0.9% to $67.3B, led by motor vehicle and parts dealers (+1.9%). 
  • Core Retail Growth: Core sales increased 0.5% in December; 2.4% growth in 2023, with food & beverage and health & personal care retailers leading. 
  • E-Commerce Shift: Seasonally adjusted e-commerce sales down 3.6% in December, accounting for 5.5% of total retail. 
  • Canadian Retail 2023 Highlights: Total sales reached $794.4B, up 2.2% from 2022. Major gains in motor vehicles (+7.0%) and a notable decrease in gasoline stations (-9.9%). 
  • Looking Ahead: Early estimate suggests a 0.4% decrease in January 2024 sales. 

See full StatCan report 

RCC Members can also see more details on retail sales on the Retail Pulse Dashboard. including unadjusted and year over year numbers.