P.E.I. retailers post strong sales in 2016
Kevin Yarr | CBC News | Posted: February 23, 2017 12:38 PM | Last Updated: February 23, 2017
P.E.I. retail easily outperformed national sales
A retail rally that began in early 2015 continued throughout 2016, making it good year for P.E.I. retailers.
Sales were up 6.56 per cent, to $2.2 billion, in 2016, according to Statistics Canada numbers released this week. Nationally sales were up just 3.71 per cent.
After dropping off in the latter half of 2014, sales have been growing steadily since March of 2015.
Seasonally adjusted retail sales in December 2016 were 16 per cent higher than they were in January 2015.
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