It was a strong start to the year for the Canadian
manufacturing sector as sales rose 1.5 per cent in January. The increase in sales was the largest since
February of 2013. Sales were higher in 12 of 21 manufacturing sub-sectors.
In BC, manufacturing sales rose 3.3 per cent from
December and were 4.2 per cent higher than in January 2013. The durable goods sector, which includes wood
products, mineral products and machinery and equipment manufacturing, posted a
5.3 per cent monthly increase. Non-durable goods like paper, clothing, and food
manufacturing, rose 2.4 per cent. The increase in manufacturing sales was the
highest since March 2011. The strong start to the year may be early signal that
the economy is on better footing in 2014, following two years of lackluster
growth.
Copyright BCREA – reprinted with permission
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