Released on April 24, 2012
Saskatchewan's retail sales took a jump in February with a 6.2 per cent increase in February 2012 over February 2011 totalling $1.38 billion, the highest ever for the month. Saskatchewan had the third highest percentage increase in Canada over this period.
"Families have a high degree of confidence in their personal finances and that is resulting in an increase in retail sales," Enterprise Minister Jeremy Harrison said. "Add to that overall consumer confidence about the Saskatchewan economy and it is no surprise that we are hitting record figures."
Retail sales rose by 0.7 per cent in February 2012 when compared to January 2012. Saskatchewan had the highest percentage increase in Canada during this period. Nationally, sales dropped by 0.2 per cent.
"Today's retail sales continue to support the fact that we have a strong economy in the province that is leading the nation on a number of fronts," Harrison said. "With impressive retail and wholesale trade sales, we are building a solid economic foundation for our province."
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For more information, contact:
Deb Young
Enterprise Saskatchewan
Regina
Phone: 306-787-6315
Email: deb.young@enterprisesask.ca