Canadian Manufacturing Sales – June 14, 2013

Canadian manufacturing sales tumbled 2.4 per cent in April, the fourth decline in the past five months. Sales fell in over half of manufacturing sub-sectors with declines driven by falling output in the petroleum, coal and chemical industries for the second consecutive month. 

In BC, manufacturing sales dipped 0.5 per cent on a monthly basis but were 3.6 per cent higher than April 2012. BC wood product manufacturing continued its remarkable rebound in April, rising 8.4 per cent on a monthly basis and 59 per cent year-over-year. Year-to-date, wood product sales are up 42 per cent. The recovery in the wood products sector should provide a substantial boost to employment and income growth in regions of the province with significant forestry operations.

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