BCREA ECONOMICS NOW: Canadian Manufacturing Sales – Oct. 16, 2012

Canadian manufacturing sales rose 1.5 per cent in August, offsetting a similar sized decline in July.   Gains were lead by higher sales in the petroleum, coal, and motor vehicle industries. In total,  11 of 21 manufacturing sub-sectors reported higher sales. This morning’s manufacturing data, along with other more positive releases in recent weeks, has pushed our tracking measure of 3rd quarter GDP growth up slightly to 2 per cent.

Manufacturing sales were also up in BC, rising 1.3 per cent in August and were 1.1 per cent over August 2011.  BC manufacturing sales were led by a gains in the wood product, paper and transportation equipment manufacturing industries.

For more information, please contact: Gino Pezzani

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