TrendLine Saskatchewan

 

TrendLine Saskatchewan - October 2019

The consumer remains reluctant to participate in a full economic recovery...

Stephen Johnson

MA
Chief Economist

Despite a robust labour market with average year-to-date employment advancing and the unemployment rate and the number of unemployed in decline, year-to-date retail sales are down -0.9% and new motor vehicle sales have dropped by 2.2%.

Residential construction activity remains in decline with both building permits and housing starts dropping. However, commercial building permits are in recovery and apartment housing starts posted a strong September.

Meanwhile, wholesale trade is advancing strongly while international exports and manufacturing sales are down. 

Composite Indicator Actual & Seasonally Adjusted

Key Indicator This Month

Retail trade

0.9%

Year-to-Date

Retail trade

0.9%

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.