Canadian manufacturing sales declined 1.5 per cent in September, the second consecutive monthly decline. Lower sales were the result of ongoing weakness in the energy sector as well as falling demand in the motor-vehicle industry. Overall, sales were lower in 13 of 21 Canadian manufacturing sub-sectors, representing about 80% of Canadian manufacturing output.
In BC, where the manufacturing sector employs roughly 170,000 people, sales rose 0.2 per cent on a monthly basis but were down 0.6 per cent compared to September 2014. BC manufacturing sales are being led by growth in shipments of wood products to the United States as well as strong demand for BC made machinery and equipment. Those sectors are helping to offset current weakness in commodity prices to produce growth of 3 per cent in manufacturing sales year-to-date.
Copyright BCREA - reprinted with permission
No comments:
Post a Comment