Retail sales up 1.1% in June, decrease expected for July: StatCan
August 22, 2022Statistics Canada released its national retail stats for June 2022, showing a 1.1% increase in sales numbers (to $63.1 billion) month-over-month for the sixth consecutive time.
The national statistics service did provide an advance estimate of retail sales for July, which suggests that sales decreased 2.0% in July. That would be the first time 2022 saw a monthly decrease in retail sales: possibly due to pent-up demand tapering off and the impact of Bank of Canada rate hikes.
Elsewhere, StatCan says retail e-commerce sales were up 4.5% in June month-over-month and on a seasonally-adjusted basis.
For questions or more information contact
Kate Skipton
Senior Policy Analyst, Government Relations
kskipton@retailcouncil.org
416 467-3744
