Strong Growth in Saskatchewan Manufacturing Sales
61 per cent growth year over year
Saskatchewan continues to show strong signs of economic recovery as June 2021 manufacturing sales jumped 61 per cent (seasonally-adjusted) compared to June 2020, the second highest increase among provinces. Manufacturing sales were valued at over $1.7 billion.
"Manufacturing sales are trending upwards for Saskatchewan, continuing to show a strong post-pandemic economic recovery," Trade and Export Development Minister Jeremy Harrison said. "Saskatchewan has one of the most competitive business environments in all of Canada, and we continue to be leaders in the nation in our key sectors of oil and gas, forestry, agriculture, manufacturing and others."
Monthly sales saw June 2021 increase by 7.5 per cent compared to May 2021 (seasonally-adjusted), the highest increase among provinces.
Nationally, manufacturing sales grew by 20 per cent, year over year.
June 2021 wholesale trade also recorded a seasonally adjusted increase of 2.5 per cent year over year. The value of Saskatchewan wholesale trade for June 2021 was approximately $2.4 billion.