Retail trade for May 2014 hit record levels, according to a report released by Statistics Canada today. Retail sales hit $1.6 billion in May, the highest ever recorded for the month.
“Saskatchewan’s economy is advancing, creating jobs and opportunities, which in turn is attracting more people and investment to the province,” Economy Minister Bill Boyd said. “The level of optimism and confidence has been steadily increasing and retailers have benefited from consumer demand for more goods.”
On a monthly basis, retail sales were up 1.0 per cent while on an annual basis, sales increased by 3.8 per cent.
“Record retail sales do have a significant impact on economic growth,” Boyd said. “Consumer confidence and support for the retail sector leads to a better quality of life for Saskatchewan families.”