Jeffrey Qián 錢 曄 // 778-238-2014 //

Canadian Manufacturing Sales

After a strong start to the year and three consecutive months of gains, Canadian manufacturing sales decreased 3.3 per cent in February.  Sales were dragged lower by declines in 16 of 21 industries with most of the fall in sales due to the motor vehicle parts, petroleum and coal products and aerospace industries. 

In BC, where the manufacturing sector employs approximately 170,000 people, sales declined 0.6 per cent on a monthly basis and fell 2.2 per cent year-over-year.  Struggling economies in neighboring provinces, a slower than expected first quarter in the United States and the ongoing slowdown in China are all key factors in lower demand for BC manufacturing products. The export and manufacturing sector is the one area of the otherwise strong BC economy that is clearly lagging and that trend is expected to last for much of 2016. However, a pick up in economic growth in the United States following a slow start to the year should boost demand later this year. 

No comments

Post Your Comment:

* indicates required fields.
Your Name: *
Please note, your email will not be shown publicly
Your Email (will not be published): *
Comment: *
Please type the text as it appears above:
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.