TrendLine Saskatchewan

 

TrendLine Saskatchewan - May 2019

Despite a surging labour market, an impending recovery for the Saskatchewan economy remains elusive in early 2019.

Stephen Johnson

MA
Chief Economist

Average year-to-date employment is up and both the unemployment rate and the number of unemployed are down. Construction activity remains in decline with both building permits and housing starts dropping.

Construction activity remains in decline with both building permits and housing starts dropping. The consumer shows few signs of returning to the market with retail sales and new motor vehicle sales in decline. However, an increase in restaurant receipts and an increase in new minivans, sport-utility vehicles, light and heavy trucks, vans and buses sales, coupled with a slow down in commercial building permits declines could bode well for the future.

Meanwhile, manufacturing sales and wholesale trade are up while international exports posted first quarter declines over the same period in 2018.

Composite Indicator Actual & Seasonally Adjusted

Key Indicator This Month

Employment

1.8%

Up 10,175 Positions

Employment

1.8%

Up 10,175 Positions

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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.