Released on September 23, 2014
Saskatchewan’s retail trade was thriving in July according to a new report released by Statistics Canada today. Retail trade was $1.6 billion in July 2014, the highest ever for the month of July, up 5.4 per cent over last year (seasonally adjusted).“We have a versatile retail sector in Saskatchewan, and a consumer base that is confident about our economy,” Economy Minister Bill Boyd said. “It sets the stage for more purchases, large and small, and is good news for retailers.”
Retail sales improved on a month-over-month basis as well, rising 1.1 per cent in July – ahead of the 0.1 per cent decline recorded nationally.
“July’s increases were mainly because of a rise in new vehicle sales – and it’s encouraging to see Saskatchewan people have the means and the confidence to purchase a new car or truck,” Boyd said. “Retail trade has made positive gains so far in 2014 which is great for retailers and definitely helps to keep our economy moving forward.”
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For more information, contact:
Deb Young
Economy
Regina
Phone: 306-787-6315
Email: deb.young@gov.sk.ca