Strong Retail Trade Figures Reflect Strong Saskatchewan Economy | News and media

0

Released August 19, 2022

The province leads the country in another key economic indicator

In June 2022, the value of retail trade in Saskatchewan increased by 3.7% compared to May 2022 (seasonally adjusted data), ranking first among the provinces. Compared to June 2021, retail trade increased by 10.1%.

“Economic growth is key to building a strong Saskatchewan and these retail numbers are another sign that we are moving full steam ahead,” said Trade and Export Development Minister Jeremy Harrison. “We will continue to work with our business community to ensure that Saskatchewan is the best place to work and do business in Canada.”

In June 2022, the total value of retail trade in Saskatchewan was nearly $2.1 billion.

In recent months, Saskatchewan has ranked first among provinces in a number of key economic indicators. In June 2022, the value of wholesale trade increased 64.8% year over year, the strongest growth among the provinces, and 14.9% month over month, the second highest growth among the provinces. Building construction investment for June 2022 saw Saskatchewan rise 17.6% month-over-month and 63% year-over-year, ranking second and first among provinces, respectively. . Saskatchewan also ranked second in urban housing starts and merchandise exports in June 2022, with year-over-year increases of 35.6% and 57.3% respectively .

-30-

For more information contact:

Sean Leslie
Trade and export development
Phone: 306-530-4769
Email: [email protected]

Share.

About Author

Comments are closed.