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 July 2024 over July 2023 was 1.5%. The largest contributors were food (3.4%), shelter (3.9%), recreation, education and reading (8.2%), Health and personal care (3.1%).

June 2024 year-to-date retail trade is up by 1.9% over the same period in 2023.

• Sub-sectors that posted increases were: Gasoline stations (9.4%), Furniture and home furnishings stores (5.8%), Health and personal care stores (9.5%), Grocery stores (9.4%), General merchandise stores (3.5%), and all other (54.8%).
• During the same time period, New car dealers (-1.4%), Used car dealers (-30.0%), Electronics and appliance stores (-9.9%), Building material and garden equipment and supplies dealers (-30.8%), Clothing and clothing accessories stores (-1.2%), Sporting goods, hobby, book and music stores (-10.1%), and Beer, wine and liquor stores (-40.6%), posted declines.

June 2024 year-to-date new motor vehicle (units) sales were up 17.4% from June 2023. New minivans, sport-utility vehicles, light and heavy trucks, vans and buses sales were up 18.4% while new passenger cars sales were also up 5.1%.

June 2024 year-to-date restaurant receipts were up 4.8% over the same period in 2023. Within restaurant receipts, Special food services (8.3%), Full-service restaurants (1.0%), and Limited-service eating places (7.6%) increased. At the same time, declines were noted in Drinking places (alcoholic beverages) (-7.8%), saw.

June 2024 year-to-date manufacturing sales are down by -6.5% over the same period in 2023.

• Sub-sectors that posted decreases were Food manufacturing sales (-6.7%), Machinery manufacturing sales (-18.7%), Fabricated metal product manufacturing sales (-14.3%), and All other Manufacturing sales (-3.3%).

June 2024 year-to-date wholesale trade was down -17.4% over the same period in 2023.

• Food, beverage and tobacco merchant wholesalers (43.3%) and Personal and household goods merchant wholesalers (4.5%) all posted increases while Farm product merchant wholesalers (-16.5%) and Motor vehicle and motor vehicle parts and accessories merchant wholesalers (-5.0%), saw declines.

Total International merchandise exports were down -11.4% year-to-date July 2024 over July 2023. 

• Sub-sectors that posted increases were: Energy products (19.5%), Basic and industrial chemical, plastic and rubber products (13.1%), Forestry products and building and packaging materials (18.4%), Motor vehicles and parts (6.9%), and Special transactions (1.6%).
•  Sub-sectors that posted decreases were: Farm, fishing and intermediate food products (-17.3%), Metal ores and non-metallic minerals (-34.9%), Metal and non-metallic mineral products (-5.4%), Industrial machinery, equipment and parts (-39.7%), Electronic and electrical equipment and parts (-4.1%), Aircraft and other transportation equipment and parts (-44.4%), and Consumer goods (-9.4%).

Year-to-date August 2024 construction employment was down -1,163 or -2.7% from the same period in 2023.

August 2024, total year-to-date housing starts are down by -157 units or -6.3% over the same period in 2023.

• Year-to-date increases were observed in singles (159 units or 28.7%), semi-detached (14 units or 11.9%), and row (105 units or 56.8%).
• Year-to-date declines were noted in apartment and other types (-435 units or -26.7%).

The average year-to-date Housing Price Index Benchmark Composite Price is up/down from $322,188 in August 2023 to $336,850 in August 2024 or 4.6%.

July 2024 year-to-date building permits are up 11.4% over the same period in 2023. Sub-sectors that posted increases were residential (10.4%), industrial (44.3%), institutional and governmental (27.6%). During the same time period, commercial (-4.6%), posted declines.

August 2024 year-to-date employment in Information, culture and recreation was up 1,613positions or 7.9% over same period in 2023.

Q2 2024 Provincial population was up 31,979 persons or 2.7% over 2023 Q2 to 1,233,068, an all-time high. 

In addition, the provincial population grew by 6,220 people over the first quarter of 2024.