Strength in Regional Retail Sales Corresponds with Labour Markets
Abstract:
Actual year-over-year Canadian retail sales in March 2008 dropped below +5.0% for the first time since last August. However, three-month-smoothed retail sales were still above the benchmark figure at +5.9% year over year. Smoothed retail sales have been consistently at or above +5.0% since the fall of 2004. The conclusion can only be that retail sales are still performing quite well in Canada. This report also looks at retail employment by region, since construction activity often ties in with job growth.
Comments
No comments posted for this article yet
Actual year-over-year Canadian retail sales in March 2008 dropped below +5.0% for the first time since last August. However, three-month-smoothed retail sales were still above the benchmark figure at +5.9% year over year. Smoothed retail sales have been consistently at or above +5.0% since the fall of 2004. The conclusion can only be that retail sales are still performing quite well in Canada. This report also looks at retail employment by region, since construction activity often ties in with job growth.