Canada: Retail sales Y-on-Y
* indicates monthly or quarterly data series
The most recent value is 0.81 percent as of September 2024, a decline compared to the previous value of 1.39 percent. Historically, the average for Canada from January 1992 to September 2024 is 4.53 percent. The minimum of -30.26 percent was recorded in April 2020, while the maximum of 55.57 percent was reached in April 2021.
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* indicates monthly or quarterly data series
- Measure: percent
- Source: Statistics Canada
| Recent values | Canada: Retail sales Y-on-Y |
|---|---|
| 2024 Sep | 0.81 |
| 2024 Aug | 1.39 |
| 2024 Jul | 0.9 |
| 2024 Jun | 0.31 |
| 2024 May | 0.72 |
| 2024 Apr | 1.3 |
| 2024 Mar | 1.44 |
| 2024 Feb | 0.79 |
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Definition: The retail sales Y-on-Y is an aggregated measure of the sales of retail goods over a stated period. Because retail sales are a measure of consumer demand for finished goods, they are a leading macroeconomic indicator of the pulse of an economy and its projected path toward expansion or contraction.
Retail sales Y-on-Y is calculated as the percent change in the Retail sales index from the same month the previous year.
The Retail sales Y-on-Y measures only volume changes, i.e. price level changes are excluded.
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Industrial production | 0.96 | 1/2024 | percent |
| Retail sales Y-on-Y | 0.81 | 9/2024 | percent |
| House price index | 220.29 | Q2/2024 | index points |
| Real residential property prices Y-on-Y change | -4.82 | Q2/2024 | percent |
| Consumer confidence survey | 49.70 | 11/2024 | points |