Canadian Manufacturing Sales – May, 2016

Canadian manufacturing sales fell for a second consecutive month, declining 0.8 per cent from February to March Sales were lower in 16 of 21 industries with most of the decline due to weak sales in the transportation equipment and primary metals industries. In inflation adjusted terms, sales were actually up 0.1 per cent, indicating the the unit volume of sales actually increased while dollar sales were impacted by lower prices.

In BC, where the manufacturing sector employs approximately 170,000 people, sales jumped 2.9 per cent on a monthly basis and were up 3 per cent year-over-year. Strong manufacturing sales in March adds further evidence that the BC economy is on track to post significant economic growth this year. Following consecutive years of real GDP growing at 3 per cent or more, we are currently tracking economic growth in the province at a Canada leading 3.3 per cent.

For more information, please contact: Gino Pezzani.

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