Jeff Qian 钱 晔 // 778-238-2014 //

Canadian Manufacturing Sales

Canadian manufacturing sales improved in July, reflecting a recovering Canadian economy following a difficult second quarter. Sales rose 0.1 per cent, but were higher in just 9 of 21 manufacturing sectors. In inflation adjusted terms, sales were up 0.6 per cent. 

In BC, where the manufacturing sector employs approximately 170,000 people, sales jumped 2.2 per cent on a monthly basis and 4 per cent year-over-year, reaching their highest level since February 2006. The gains were largely attributable to a growing forestry sector, particularly strong growth in paper manufacturing following shutdowns in June. Manufacturing and trade have been lagging behind the rest of the BC economy this year, so July's strong showing is reason for further optimism about the BC economy. Overall, the BC economy is on track to grow 3.5 per cent this year, well ahead of any other Canadian province. 

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Your Email (will not be published): *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.