Consumer spending down in Alberta
Posted Jan 7, 2010 1:11 pm.
This article is more than 5 years old.
Some of the first numbers from the recent holiday shopping period are in and they are not good, or at least not good in Alberta.
According to a company that provides payment solutions for retailers, consumers from coast to coast were in a spending mood leading up to christmas.
But people in our province did not dig into their wallets and purses.
Holiday spending was up almost 8 percent coast to coast, but during the same period sales in Alberta dropped by almost a full percentage point.
Santo Ligotti with Morenis Solutions tells 660News, the figures were rather shocking.
He say the drop off in consumer spending is not a sign of things to come in Alberta, but simply reflect the uncertainty over when the economic recovery will take hold.
