Atlantic Canadians are weathering the global economic storm better than the rest of the country, according to a report from the Atlantic Provinces Economic Council (APEC).
According to the report released yesterday, Atlantic Canada saw a very slight second quarter decrease in retail sales of 0.3 per cent, compared to a drop of 5.2 per cent nationally.
“There have been fewer full-time job losses and stronger wage growth in the Atlantic Region,” said David Chaundy, senior economist with APEC, in a release.
Chaundy noted, however, the recession has affected consumer spending in certain sectors, such as sales of new motor vehicles, home furnishings, and clothing.
In Nova Scotia, the report said retail sales, excluding gasoline, was down .2 per cent, while motor vehicle sales fell 12 per cent.