Canadian manufacturing sales rose 1.5 per cent in
November after posting a moderate decline the previous month. Sales were higher in 14 of 21 manufacturing
sub-sectors. After adjusting for inflation, the total volume of sales was 1.2
per cent higher.
In BC, where the manufacturing sector is a significant
employer and a key driver of economic growth, sales were up 2.4 per cent on a
monthly basis and 9.2 per cent year-over-year. The manufacturing sector has
been on a significant upswing after a slow first half with sales posting nearly
8 per cent growth over the second half of the year. That growth is adding to
already strong momentum in other sectors and supporting housing demand across
BC communities where manufacturing, particularly of forestry products, is an
important driver of local economic activity.
Copyright BCREA – reprinted with permission
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