Canadian
manufacturing sales rebounded strongly from a decline in June, posting an
increase of 1.7 per cent in July. Stronger sales were recorded across the
manufacturing sector as 15 of 21 manufacturing subsectors increased.
In BC, manufacturing sales rose 1 per cent from June but were 1.1 per cent lower than July 2012. Sales of BC wood products rebounded in July following a sharp decline in June, rising 3.1 per cent month-over -month and 13 per cent compared to July 2012. Overall manufacturing sales continue to be pulled lower by weak demand for non-durable goods such as food, textiles and in particular BC pulp and paper. Sales of non-durable goods are down 6 per cent year-to-date while total manufacturing sales are up 1.3 per cent.
In BC, manufacturing sales rose 1 per cent from June but were 1.1 per cent lower than July 2012. Sales of BC wood products rebounded in July following a sharp decline in June, rising 3.1 per cent month-over -month and 13 per cent compared to July 2012. Overall manufacturing sales continue to be pulled lower by weak demand for non-durable goods such as food, textiles and in particular BC pulp and paper. Sales of non-durable goods are down 6 per cent year-to-date while total manufacturing sales are up 1.3 per cent.
Copyright BCREA –
reprinted with permission
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