Some good news for the Canadian economy this morning as
Statistics Canada reported manufacturing sales increased 1.2 per cent in
December, the second consecutive monthly advance. Sales were led higher by gains in the motor
vehicle, wood product and chemical product industries. However, for all of
2015, manufacturing sales were down 1.5 per cent, posting the first annual
decline since 2009, as a result of falling manufacturing output in the energy
sector.
In BC, where the manufacturing sector employs
approximately 170,000 people, sales rose 0.7 per cent on a monthly basis but
were down 3.2 per cent compared to December 2014. For all of 2015, BC manufacturing sales rose
1.7 per cent.
Copyright BCREA – Reprinted with permission
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