Nelson BC real estate blog by Robert Goertz of Valhalla Path Realty. Keeping you up to date with the Nelson and West Kootenay real estate markets.
Friday, February 13, 2015
Canadian Manufacturing Sales
Canadian manufacturing sales rose 1.7 per cent in December in spite of a 9.3 per cent fall in sales of petroleum products. Sales were higher in 17 of 21 manufacturing sub-sectors.
In BC, where manufacturing employs close to 170,000 people, manufacturing sales rose 2.9 cent on a monthly basis in December, and were 8.6 per cent higher year-over-year. For all of 2014, BC manufacturing sales grew at a robust rate of 6.7 per cent, the fastest rate of growth since 2011. A continued upswing in manufacturing sales should help spur employment and household income growth in 2015, which would be strongly supportive of housing demand.