Released on December 20, 2012
There were two positive reports released by Statistics Canada today indicating retail sales and average weekly earnings were up on a year-over-year basis.
"More money in workers' pockets means more money to spend in the marketplace," Economy Minister Bill Boyd said. "In addition, there seems to be a much higher level of consumer confidence that contributes to the rise in retail sales."
Average weekly earnings (seasonally adjusted) were up 4.6 per cent over last October to $932.22, the third highest increase among the provinces. Nationally, earnings increased by 2.8 per cent to $909.41.
Retail sales (seasonally adjusted) were up 5.4 per cent in October 2012 when compared to last October, the third highest increase among provinces. Sales totalled $1.5 billion - the highest ever for the month of October.
"As we get information about the final months of 2012, there is every reason to believe it has been a very successful year for working people who are making more wages and for retailers, who are seeing the benefits of a strong economy," Boyd said.
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For more information, contact:
Deb Young
Economy
Regina
Phone: 306-787-4765
Email: deb.young@gov.sk.ca