According to the Saskatchewan Finance in its 2023-2024 budget forecast, real GDP is predicted to slow down significantly from the 4.8% increase in 2021 to 1.3% for 2022 and 1.8% in 2024.

The average year-to-date rate of change in the all-items Consumer Price Index (inflation) in June 2024 over June 2023 was 1.5%. The largest contributors were food (3.4%), shelter (3.9%), recreation, education and reading (8.2%), and Health and personal care (3.1%).

May 2024 year-to-date retail trade is up by 2.5% over the same period in 2023.

•  Sub-sectors that posted increases were new car dealers (1.0%), Gasoline stations (7.9%), Furniture and home furnishings stores (7.8%), Health and personal care stores (9.2%), Grocery stores (7.9%), General merchandise stores (4.6%), and all other (37.5%). 
• During the same time period, used car dealers (-29.6%), Electronics and appliance stores (-9.4%), Building material and garden equipment and supplies dealers (-9.2%), Clothing and clothing accessories stores (-0.9%), Sporting goods, hobby, book and music stores (-9.9%), and Beer, wine and liquor stores (-41.8%) posted declines.

May 2024 year-to-date new motor vehicle (units) sales were up 18.3% from May 2023. New minivans, sport-utility vehicles, light and heavy trucks, vans and buses sales were up 18.8% while new passenger cars sales were also up 11.7%.      

May 2024 year-to-date restaurant receipts were up 5.3% over the same period in 2023. Within restaurant receipts, Special food services (6.2%), Full-service restaurants (1.4%), and Limited-service eating places (8.3%) increased. At the same time, declines were noted in Drinking places (alcoholic beverages) (-2.7%).                                                 

May 2024 year-to-date manufacturing sales are down by -6.4% over the same period in 2023.

• Sub-sectors that posted decreases were Food manufacturing sales (-7.9%), Machinery manufacturing sales (-17.6%), Fabricated metal product manufacturing sales (-11.3%), and All other Manufacturing sales (-3.0%).                                            

May 2024 year-to-date wholesale trade was down-8.6% over the same period in 2023.

• Food, beverage and tobacco merchant wholesalers (48.4%) and Personal and household goods merchant wholesalers (4.3%) posted increases while Farm product merchant wholesalers (-18.5%) and Motor vehicle and motor vehicle parts and accessories merchant wholesalers (-3.1%) saw declines.

Total International merchandise exports were down -18.8% year-to-date June 2024 over June 2023.

• Sub-sectors that posted increases were Energy products (17.2%), Basic and industrial chemical, plastic and rubber products (17.1%), Forestry products and building and packaging materials (21.6%), and Motor vehicles and parts (1.6%).
• Sub-sectors that posted decreases were Farm, fishing and intermediate food products (-18.3%), Metal ores and non-metallic minerals (-39.6%), Metal and non-metallic mineral products (-5.4%), Industrial machinery, equipment and parts (-38.8%), Electronic and electrical equipment and parts (-3.6%), Aircraft and other transportation equipment and parts (-49.8%), Consumer goods (-10.7%), and Special transactions (-0.3%).             

Year-to-date June 2024 construction employment was down -1,071 or -2.5% from the same period in 2023.

July 2024, total year-to-date housing starts are up by 2 units or 0.1% over the same period in 2023. Year-to-date increases were observed in singles (148 units or 32.4%), semi-detached (24 units or 26.7%), and row (60 units or 34.9%). Year-to-date declines were noted in apartment and other types (-230 units or-17.0%).

The average year-to-date Housing Price Index Benchmark Composite Price is up/down from $321,814 in July 2023 to $335,729 in July 2024 or 4.3%.

June 2024 year-to-date building permits are down -4.4% over the same period in 2023. Sub-sectors that posted increases were industrial (54.1%) and institutional and governmental (33.5%). During the same time period, residential (-8.2%) and commercial (-35.0%) posted declines.       

July 2024 year-to-date employment in Information, culture and recreation was up 2,086 positions or 10.5% over same period in 2023.

Q2 2024 Provincial population was up 30,503 persons or 2.5% over 2023 Q2 to 1,231,043, an all-time high.

In addition, the provincial population grew by 5,550 people over the first quarter of 2024.