May 19, 2017

Saskatchewan's Retail Sales Growth Above National Average

Retail sales in Saskatchewan experienced robust growth in March in comparison to the other provinces, adding to recent upward trends in other economic sectors.

Year-over-year, retail sales in Saskatchewan were up by 8.7 per cent in March 2017 compared to March 2016, to a total of $1.7 billion—the second-highest percentage growth across the country and ahead of the national average of 6.9 per cent.  The province saw an increase of 2.7 per cent in retail sales in March 2017 compared to the previous month, ranking Saskatchewan third in percentage change among the provinces and, well above the national average of 0.7 per cent.

“These statistics indicate renewed consumer confidence in Saskatchewan and of an economy that is trending in the right direction,” Economy Minister Jeremy Harrison said.  “Our province is well-positioned to stimulate continued growth and activity in our key sectors, which is good news for our people and businesses.”

All figures are seasonally adjusted.