Released on March 22, 2012
Saskatchewan's retail sales outpaced the national average and rose by 6.4 per cent in January 2012 over January 2011, according to a new report by Statistics Canada.
"Busy shopping malls are a sure sign that people are confident about their jobs and the strong Saskatchewan economy," Enterprise Minister Jeremy Harrison said. "Saskatchewan is a national leader with its fifth consecutive balanced budget, competitive taxes and strong infrastructure, and that strong economic foundation is creating jobs and keeping Saskatchewan moving forward."
Retail sales in Saskatchewan totalled $1.39 billion in January 2012, up from $1.31 billion in January 2011. On the national front, retail sales were up by 4.7 per cent in January 2012 when compared to the previous January.
"We closely monitor economic analysts and forecasters to make sure Saskatchewan stays on the right track and the numbers continually show a growing Saskatchewan Advantage," Harrison said.
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For more information, contact:
Deb Young
Enterprise Saskatchewan
Regina
Phone: 306-787-6315
Email: deb.young@enterprisesask.ca