Canadian manufacturing sales fell 0.9 per cent in
December, the first monthly decline since August 2013. The decline in sales was
broad based with 15 of 21 manufacturing sectors reporting a decrease in sales.
In BC, manufacturing sales fell 2.3 per cent from
November but were up 4.4 per cent year-over-year. For all of 2013, BC
manufacturing sales rose 2.4 per cent over 2012, though a 24 per cent increase
in the sales of manufactured wood product masked a fair amount of weakness in
other sectors. We anticipate that growth in manufacturing will be more broadly
shared in 2014 as the global economy accelerates and demand for BC goods rises.
Copyright BCREA – reprinted with permission
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