You are viewing a free preview of TrendLine Saskatchewan. For full access
Subscribe Now

TrendLine Saskatchewan

 


INSIDE


  • Labour Market
  • Consumer
  • Manufacturing Sales
  • International Trade
  • Construction
  • Culture
  • Saskatchewan Economy
  • Population
  • TrendLine Report Card

TrendLine Saskatchewan - March 2020

Employment numbers remain strong (pre-pandemic), but consumers are still reluctant...

Stephen Johnson

MA
Senior Economist

The number of those employed in the province continues to advance in the first two months of 2020.

However, the increase in the number of unemployed and the unemployment rate in February 2020 (pre-pandemic) may prove to be problematic over the remainder of the year.

In the final quarter of 2019, the consumer remained reluctant to open their wallet, with year-to-date retail sales and new motor vehicle sales down, despite employment growth and the province's population reaching an all-time high.

Led by apartment starts, home construction activity saw a rebound in February 2020 starts (after an exceptionally weak 2019). Building permit data remains soft, with only industrial building permits in recovery.

Meanwhile, wholesale trade, restaurant receipts and international exports are up, manufacturing sales are down, and the rate of increase in average weekly earnings is staying slightly ahead of inflation.

Composite Indicator Actual & Seasonally Adjusted

Key Indicator This Month

Retail trade

0.5%

Year-to-Date

Retail trade

0.5%

Year-to-Date

Back to Top

Back to Top

Back to Top

Back to Top

Back to Top

Back to Top

Back to Top

Back to Top

Back to Top


This Issue's Economist:

Stephen Johnson

MA
Senior Economist

This Issue's Editor:

Jennifer Longo

BAH, MBA
Strategic Research Consultant


TrendLine Saskatchewan is published monthly by Praxis Consulting.