"TERMS AND CONDITIONS" "https://www.bankofcanada.ca/terms/" "NAME" "Backgrounder on removing the past sales growth question from the Business Outlook Survey" "DESCRIPTION" "In the first quarter of 2023, Bank staff removed the question on past sales growth from the BOS questionnaire. This backgrounder outlines the reasons for the change and discusses its implications." "LINK" "https://www.bankofcanada.ca/?p=233204" "SERIES" "id","label","description" "BOS_BACKGROUNDER20230424_C1_S1","Past sales growth (left scale)","" "BOS_BACKGROUNDER20230424_C1_S2","Past sales level (right scale)","" "BOS_BACKGROUNDER20230424_C2_S1","Original BOS indicator","" "BOS_BACKGROUNDER20230424_C2_S2","Without past sales growth question","" "BOS_BACKGROUNDER20230424_C3_S1","Original BOS indicator","" "BOS_BACKGROUNDER20230424_C3_S2","New BOS indicator effective 2023Q1","" "OBSERVATIONS" "date","BOS_BACKGROUNDER20230424_C1_S1","BOS_BACKGROUNDER20230424_C1_S2","BOS_BACKGROUNDER20230424_C2_S1","BOS_BACKGROUNDER20230424_C2_S2","BOS_BACKGROUNDER20230424_C3_S1","BOS_BACKGROUNDER20230424_C3_S2" "1998-07-01","-11","","","","","" "1998-10-01","-4","","","","","" "1999-01-01","3","","","","","" "1999-04-01","7","","","","","" "1999-07-01","17","","","","","" "1999-10-01","23","","","","","" "2000-01-01","33","","","","","" "2000-04-01","48","","","","","" "2000-07-01","43","","","","","" "2000-10-01","28","","","","","" "2001-01-01","23","","","","","" "2001-04-01","-3","","","","","" "2001-07-01","-10","","","","","" "2001-10-01","-14","","","","","" "2002-01-01","-14","","","","","" "2002-04-01","14","","","","","" "2002-07-01","10","","","","","" "2002-10-01","8","","","","","" "2003-01-01","8","","","","","" "2003-04-01","-1","","","","","" "2003-07-01","10","","-0.77","-0.90","-0.77","-0.72" "2003-10-01","0","","-1.05","-1.03","-1.05","-1.00" "2004-01-01","2","","-1.07","-1.11","-1.07","-1.02" "2004-04-01","9","","0.51","0.55","0.51","0.52" "2004-07-01","17","","0.70","0.56","0.70","0.73" "2004-10-01","19","","0.26","-0.11","0.26","0.30" "2005-01-01","29","","0.74","0.51","0.74","0.80" "2005-04-01","20","","0.49","0.31","0.49","0.52" "2005-07-01","24","","2.18","2.12","2.18","2.19" "2005-10-01","32","","2.35","2.08","2.35","2.37" "2006-01-01","27","","1.89","1.55","1.89","1.93" "2006-04-01","18","","1.17","1.07","1.17","1.20" "2006-07-01","9","","1.01","0.87","1.01","1.06" "2006-10-01","15","","0.75","0.53","0.75","0.78" "2007-01-01","18","","1.43","1.23","1.43","1.48" "2007-04-01","12","","0.63","0.51","0.63","0.64" "2007-07-01","18","","0.28","-0.07","0.28","0.28" "2007-10-01","22","","0.05","-0.34","0.05","0.04" "2008-01-01","9","","-0.56","-0.67","-0.56","-0.57" "2008-04-01","7","","0.67","0.65","0.67","0.64" "2008-07-01","-2","","-1.12","-1.19","-1.12","-1.10" "2008-10-01","-25","","-7.05","-7.26","-7.05","-7.05" "2009-01-01","-18","","-6.95","-7.13","-6.95","-6.94" "2009-04-01","-52","","-5.27","-4.57","-5.27","-5.24" "2009-07-01","-43","","-3.85","-3.02","-3.85","-3.79" "2009-10-01","-52","","-2.39","-1.35","-2.39","-2.35" "2010-01-01","-43","","-1.22","-0.27","-1.22","-1.20" "2010-04-01","18","","0.11","0.18","0.11","0.11" "2010-07-01","22","","0.51","0.58","0.51","0.55" "2010-10-01","30","","0.63","0.53","0.63","0.63" "2011-01-01","29","","0.85","0.70","0.85","0.84" "2011-04-01","24","","2.14","2.10","2.14","2.12" "2011-07-01","30","","0.10","-0.22","0.10","0.12" "2011-10-01","29","","0.45","0.08","0.45","0.46" "2012-01-01","22","","1.03","1.01","1.03","1.07" "2012-04-01","27","","0.99","0.75","0.99","1.00" "2012-07-01","6","","-0.28","-0.35","-0.28","-0.30" "2012-10-01","-2","","-0.92","-0.77","-0.92","-0.88" "2013-01-01","-17","","-1.75","-1.44","-1.75","-1.73" "2013-04-01","9","","-0.79","-0.86","-0.79","-0.80" "2013-07-01","-11","","-0.30","-0.06","-0.30","-0.33" "2013-10-01","-3","","-0.20","0.03","-0.20","-0.19" "2014-01-01","14","","0.85","0.92","0.85","0.84" "2014-04-01","5","","-0.54","-0.39","-0.54","-0.50" "2014-07-01","14","","0.45","0.52","0.45","0.47" "2014-10-01","21","","-1.16","-1.40","-1.16","-1.14" "2015-01-01","25","","-1.51","-1.83","-1.51","-1.51" "2015-04-01","12","","-1.62","-1.80","-1.62","-1.59" "2015-07-01","0","","-1.93","-1.80","-1.93","-1.90" "2015-10-01","0","","-3.38","-3.42","-3.38","-3.35" "2016-01-01","-4","59","-2.10","-2.00","-2.10","-2.09" "2016-04-01","0","39","-2.40","-2.38","-2.40","-2.38" "2016-07-01","1","44","-1.35","-1.31","-1.35","-1.33" "2016-10-01","0","48","0.13","0.39","0.13","0.14" "2017-01-01","2","34","0.03","0.22","0.03","0.07" "2017-04-01","20","73","2.03","2.05","2.03","2.05" "2017-07-01","13","78","0.57","0.51","0.57","0.59" "2017-10-01","20","66","1.65","1.51","1.65","1.64" "2018-01-01","20","71","1.21","1.11","1.21","1.22" "2018-04-01","29","94","2.43","2.21","2.43","2.42" "2018-07-01","12","77","2.23","2.21","2.23","2.20" "2018-10-01","22","77","1.62","1.37","1.62","1.62" "2019-01-01","-6","47","-1.25","-1.05","-1.25","-1.20" "2019-04-01","-3","43","-0.34","-0.16","-0.34","-0.32" "2019-07-01","-5","46","0.26","0.44","0.26","0.28" "2019-10-01","-1","56","0.48","0.56","0.48","0.47" "2020-01-01","-12","29","-0.83","-0.59","-0.83","-0.82" "2020-04-01","-44","-20","-6.32","-6.06","-6.32","-6.33" "2020-07-01","-47","-36","-2.63","-1.88","-2.63","-2.62" "2020-10-01","-29","-33","0.46","1.12","0.46","0.46" "2021-01-01","-29","-4","1.63","2.55","1.63","1.64" "2021-04-01","-29","-12","3.01","3.84","3.01","3.02" "2021-07-01","30","65","4.35","4.20","4.35","4.39" "2021-10-01","64","125","5.91","5.26","5.91","5.91" "2022-01-01","42","103","4.97","4.53","4.97","4.94" "2022-04-01","48","120","4.88","4.25","4.88","4.83" "2022-07-01","21","90","1.74","1.29","1.74","1.76" "2022-10-01","2","82","0.07","-0.22","0.07","0.06"