TrendLine Saskatchewan

 

TrendLine Saskatchewan - August 2019

Despite a surging labour market, the consumer has still not fully re-entered the market...

Stephen Johnson

MA
Chief Economist

Year-to-date retail sales are up 0.9% (although still below the rate of inflation). Restaurant receipts are posting increases, while new motor vehicle sales have tapered off slightly.

Average year-to-date employment is up and both the unemployment rate and the number of unemployed are down.

Residential construction activity remains soft with both building permits and housing starts dropping, however, industrial and commercial building permits are in recovery. Meanwhile, wholesale trade is advancing strongly, while international exports are up marginally and manufacturing sales are down.

Composite Indicator Actual & Seasonally Adjusted

Key Indicator This Month

Retail trade

0.9%

Up $69,584 year-to-date

Retail trade

0.9%

Up $69,584 year-to-date

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This Issue's Economist:

Stephen Johnson

MA
Chief Economist

This Issue's Editor:


TrendLine Saskatchewan is published monthly by Praxis Consulting.