Canadian Manufacturing Sales – July, 2016

Canadian manufacturing sales declined 1 per cent in May after posting a similar sized increase in April. Sales were lower in 15 of 21 industries representing 70 per cent of manufacturing sales. The decline was led by lower sales of motor vehicles and motor vehicle parts resulting from supply disruptions in Japan as well as weak sales in the petroleum and coal products industry due to the Fort McMurray wildfires.

In BC, where the manufacturing sector employs approximately 170,000 people, sales were up 1.1 per cent on a monthly basis and were up 3.8 per cent year-over-year. The BC economy continues to outpace the overall Canadian economy by a wide margin. Given today’s economic data, growth in the provincial economy is tracking well over 3 per cent for the year.

For more information, please contact: Gino Pezzani.

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