Sunday, January 20, 2013

Canadian Manufacturing Sales

Canadian manufacturing sales increased 1.7 per cent in November, following a1.4 per cent decline in October.  Sales rose in 12 of 21 manufacturing industries. Adjusting for inflation, Canadian manufacturing sales were 1.6 per cent higher in November. With the release of November's manufacturing and trade data, we estimate that the Canadian economy grew approximately 1.7 per cent in the fourth quarter of 2012.

Sales in the BC manufacturing sector rose 1.2 per cent in November, and were 4.3  per cent higher year-over-year. Primary and fabricated metal manufacturing, which accounts for 13 per cent of BC manufacturing, was up 4.5 per cent in November while forestry products (30 per cent of BC manufacturing sales) were up just under 1 per cent, and food manufacturing (17 per cent of BC manufacturing sales) was up 1 per cent.

Copyright BCREA – reprinted with permission

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