TrendLine Saskatchewan

 

TrendLine Saskatchewan - January 2020

The consumer remains hesitant, unswayed by a strong labour market...

Stephen Johnson

MA
Chief Economist

Despite a surging labour market and population reaching an all-time high, the consumer remains in near hibernation with year-to-date retail sales and new motor vehicle sales dropping. 

Construction activity is virtually dormant with both building permits and housing starts in decline. However, commercial building permits are in recovery and row and apartment housing starts posted impressive gains year over year.

Meanwhile, wholesale trade and restaurant receipts are up, international exports and manufacturing sales are down, and the rate of increase in average weekly earnings is staying slightly ahead of inflation.

Composite Indicator Actual & Seasonally Adjusted

Key Indicator This Month

Retail trade

0.5%

Year-to-Date

Retail trade

0.5%

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.