No surprise in August yet for sales in Canada

Retail Sales Stabilize Around 0.5% in August in Canada

Posted Wednesday, October 21, 2020 by
Skerdian Meta • 1 min read

Retail sales took a deep plunge in Canada during the lock-down months, posting a 10% decline in March and a 26% decline in April. But, the situation reversed in May, as the country reopened and sales increased by more than 20% in May and June. They cooled off in July though and in August they stabilized around 0.5%.

Canada August retail sales data

  • August retail sales +0.4% vs +1.1% expected
  • September retail sales were +0.6%
  • Sales ex autos +0.5 vs +0.9% expected
  • Prior ex autos -0.4%
  • Ex autos and gas +0.4%
  • Building materials and garden equipment +4.5%
  • Clothing flat on the month and still down 11.8% from pre-pandemic levels
The YoY changes on this chart really highlight the pandemic-inspired changes. Building materials are up 17.1% as well on an annualized basis.
Canada retail sales
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