TrendLine Saskatchewan

 

TrendLine Saskatchewan - September 2019

Despite a robust labour market with strong employment, the consumer seems to have retreated from the market...

Stephen Johnson

MA
Chief Economist

While year-to-date employment continues to advance and both the unemployment rate and the number of employed are in decline, year-to-date retail sales are down 0.8%. New motor vehicle sales have also dropped 2.3%.

Residential construction activity remains in the doldrums 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 and manufacturing sales are down.

Composite Indicator Actual & Seasonally Adjusted

Key Indicator This Month

Retail trade

0.8%

Down $73,040 year-to-date

Retail trade

0.8%

Down $73,040 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.