StatsCan: Retail sales fell 1.4% in March
May 24, 2023According to the latest report from Statistics Canada, retail sales dropped 1.4% month-over-month to $65.3 billion in March 2023.
Core retail sales increased 0.3% in March, posting its fourth consecutive increase. Building materials and sporting goods led StatsCan’s nine subsectors with 1.6% increases respectively.
The largest decrease in core retail sales (-1.2%) came from clothing, clothing accessories, shoes, jewelry, luggage, and leather goods retailers. Sales were down in two store types, led by lower sales at clothing and clothing accessories retailers (-1.0%).
Nine-of-ten provinces saw sales decrease as only British Columbia (0.9%) saw a boost in sales. More info on retail sales can be found on the RCC Retail Pulse Dashboard.
For questions or more information contact
Kate Skipton
Senior Policy Analyst, Government Relations
kskipton@retailcouncil.org
416 467-3744
