Released on July 23, 2013
Saskatchewan’s retail sales totaled $1.6 billion in May 2013, the highest ever for the month of May and an increase of 5.0 per cent (seasonally adjusted) from the previous month.
This is the highest percentage increase in Canada, according to a Statistics Canada report released today.
“Saskatchewan’s growing economy, rising consumer confidence and positive job market have contributed to record-level retail sales,” Economy Minister Bill Boyd said. “It’s clear why we’re seeing this increase. Job numbers are up, wages are up, and there’s more money for shoppers to spend which is good news for the province’s retailers.”
On a yearly basis, Saskatchewan is up 5.9 per cent (seasonally adjusted) when compared with May of 2012 -- the second highest increase among the provinces.
“Saskatchewan’s robust job market will continue to produce significant gains on the retail front,” Boyd said. “This strong momentum will continue to position our province as a national economic leader as we move toward the end of 2013.”
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For more information, contact:
Deb Young
Economy
Regina
Phone: 306-787-6315
Email: deb.young@gov.sk.ca