Yesterday, StatsCan released their Monthly Survey of Manufacturing for the month of September, and results are positive! For the third month in a row, sales increased – this time, they rose 2.6% to $49.2 billion.
Highlights are as follows:
- Manufacturing sales increased in nine provinces – most notably in Alberta, where there was a 5.9% rise to $6.3 billion.
- Since Albera’s sales rose most drastically as far as provinces go, it’s not surprising to learn that one the industries with the highest sales gain was the petroleum and coal products industry (up 13.7% to $7.6 billion).
- The transportation equipment industry saw an increase of 7.1% to $8.0 billion – mainly due to aerospace product and parts, and the motor vehicle industries.
- The food industry saw a decline of 3.0%.
Source
Good news for Canadian manufacturers – according to StatsCan, manufacturing sales in August rose 1.4% to $47.6 billion. This is the highest level that manufacturing sales have been at since October 2008.
A breakdown of some of the provinces is as follows:
- Manitoba fell 2.4%
- Newfoundland and Labrador rose 53.6% to $397 million
- Nova Scotia fell 5.6%
- Ontario rose to 0.4% to $21.5 billion
- Quebec rose 3.5% to $11.8 billion
The largest industry increases include the transportation industry (7.0%), the food industry (3.9%) and the petroleum and coal products industry (2.7%).
On Monday, StatsCan posted a new study: The year in review in manufacturing.
According to this study, manufacturing sales increased 8.9% from 2009, to a total of $529.8 billion. While this is the largest single annual increase since 2000, it is still below the sales figures from 2008.
Nineteen industries (95.4% of total manufacturing) saw dollar sales increase through 2010 – the largest increases were in the vehicle, petroleum and coal products and primary metal manufacturing industries.
The full study can be read here
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