According to the Saskatchewan Finance in its 2023-2024 budget forecast, real GDP is predicted to slow down significantly from the 4.8% increase in 2021 to 1.3% for 2022 and 1.8% in 2024.

The average year-to-date rate of change in the all-items Consumer Price Index (inflation) in May 2024 over May 2023 was 1.5%. The largest contributors were food (3.3%), shelter (4.0%), recreation, education and reading (8.0%), and Health and personal care (3.0%).  

April 2024 year-to-date retail trade is up by 1.6% over the same period in 2023. 

• Sub-sectors that posted increases were Gasoline stations (6.7%), Furniture and home furnishings stores (10.4%), Health and personal care stores (10.1%), Grocery stores (6.7%), General merchandise stores (6.5%), and all other (54.5%).
• During the same time period, new car dealers (-3.8%), Used car dealers (-25.1%), Electronics and appliance stores (-9.2%), Building material and garden equipment and supplies dealers (-25.4%), Clothing and clothing accessories stores (-0.4%), Sporting goods, hobby, book and music stores (-9.9%), Beer, wine and liquor stores (-41.3%) posted declines.

April 2024 year-to-date new motor vehicle (units) sales were up 19.5% from April 2023. New minivans, sport-utility vehicles, light and heavy trucks, vans and buses sales were up 20.0% while new passenger cars sales were also up 12.4%.

April 2024 year-to-date restaurant receipts were up 5.2% over the same period in 2023. Within restaurant receipts, Special food services (7.0%), Full-service restaurants (0.9%), and Limited-service eating places (8.5%) increased. At the same time, declines were noted in Drinking places (alcoholic beverages) (-4.1%).

April 2024 year-to-date manufacturing sales are down by -4.0% over the same period in 2023.

• Sub-sectors that posted decreases were Food manufacturing sales (-8.2%), Machinery manufacturing sales (-10.9%), Fabricated metal product manufacturing sales (-5.8%), and All other Manufacturing sales (-0.4%).

April 2024 year-to-date wholesale trade was down -0.5% over the same period in 2023.

• Food, beverage and tobacco merchant wholesalers (46.9%) and Personal and household goods merchant wholesalers (4.3%), posted increases while Farm product merchant wholesalers (-22.6%) and Motor vehicle and motor vehicle parts and accessories merchant wholesalers (-1.6%) saw declines. 

Total International merchandise exports were down -21.3% year-to-date May 2024 over May 2023.

• Sub-sectors that posted increases were Energy products (16.9%), Basic and industrial chemical, plastic and rubber products (27.6%), Forestry products and building and packaging materials (11.0%), Motor vehicles and parts (1.5%), and Consumer goods (9.4%).
• Sub-sectors that posted decreases were Farm, fishing and intermediate food products (-22.3%), Metal ores and non-metallic minerals (-40.7%), Metal and non-metallic mineral products (-3.8%), Industrial machinery, equipment and parts (-38.3%), Electronic and electrical equipment and parts (-10.3%), Aircraft and other transportation equipment and parts (-42.3%), and Special transactions (-0.6%).

Year-to-date June 2024 construction employment was down -1,233 or -2.9% from the same period in 2023.

June 2024, total year-to-date housing starts are down by -193 units or -11.5% over the same period in 2023. Year-to-date increases were observed in singles (114 units or 30.2%), semi-detached (18 units or 24.3%), and row (11 units or 7.5%). Year-to-date declines were limited to apartment and other types (-336 units or -31.3%).

The average year-to-date Housing Price Index Benchmark Composite Price is up/down from   $320,433   in June 2023 to $334,217 in June 2024 or 4.3%.

May 2024 year-to-date building permits are up 12.3% over the same period in 2023. Sub-sectors that posted increases were industrial (176.5%) and institutional and governmental (64.5%). During the same time period, residential (-16.3%) and commercial (-5.0%) posted declines.  

June 2024 year-to-date employment in Information, culture and recreation was up 2,150 positions or 11.1% over same period in 2023.

Q2 2024 Provincial population was up 30,503 persons or 2.5% over 2023 Q2 to 1,231,043, an all-time high.

In addition, the provincial population grew by 5,550 people over the first quarter of 2024.