indicatorThe Owl

Retail sales stronger in 2023

Alberta posted a 4.4% annual increase in retail sales last year

By Rob Roach, ATB Economics 22 February 2024 less than a minute

Retail sales* in Alberta increased by 0.9% in December. The growth followed a 0.5% increase in November.

Annual sales came in at $102 billion and were 4.4% higher than in 2022.

Motor vehicle and parts dealers saw their sales increase by $2 billion (7.7%) last year offsetting a $2 billion drop (-14.1%) in sales at gas stations.

The only other major category tracked by Statistics Canada that saw sales decrease last year was the furniture, electronics and appliances sector at -0.4%.

Annual sales in Calgary grew by 5.7% ($1.8 billion) and by 3.0% ($1.0 billion) in Edmonton.

Nationally, retail sales increased by 0.9% in December with sales higher in eight provinces.

Statistics Canada’s advance estimate points to a 0.4% decrease in January 2024.

Annual sales in Canada grew by 2.2% in 2023 with every province posting higher numbers.

*Seasonally-adjusted

Answer to the previous trivia question: At 661,848 square kilometres, Alberta is larger than Saskatchewan at 651,036.

Today’s trivia question: How many Prince Edward Islands could fit inside Alberta?

Seasonally-adjusted retail sales in Alberta totalled $8.6 billion in December 2023

Seasonally-adjusted retail sales in Alberta totalled $8.6 billion in December 2023


Economics News

Subscribe and get a quick daily snapshot of what’s happening in Alberta’s economy

Need help?

Our Client Care team will be happy to assist.

Chat now
ATB Virtual Assistant
The ATB Virtual Assistant doesn't support landscape mode. Please tilt your device vertically to portrait mode.