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February 15, 2017MANUFACTURING SHIPMENTS, DECEMBER and ANNUAL 2016
Nova Scotia
Nova Scotia’s manufacturing shipments (seasonally adjusted) decreased 1.0% in December to $692.9 million, and decreased 2.1% over December 2015.
Canada
Canada manufacturing sales were up 2.3% to $53.5 billion in December, and up 4.1% above last year. Overall, sales were up in 8 of 21 industries as durable goods increased 2.4% and non-durable goods increased 2.1%.
Sales increased 7.4% in transportation equipment, and Petroleum and coal were up 11.6%. Sales decreased 5.0% in Computer and Electronic products
Inventory levels decreased 0.3% in December to $69.6 billion. Unfilled orders were down 1.9% to $87.7 billion.
Provinces
Manufacturing sales were up in six provinces in December and down in four provinces, including Nova Scotia.
On a year-over-year basis (seasonally adjusted), manufacturing shipments are up 4.1% in Canada, with all provinces, except Nova Scotia, recording positive year-over-year growth. Newfoundland and Labrador led the way at 24.4%. Nova Scotia ranked 10th with a 2.1% decrease over December 2015.
ANNUAL
On a year-to-date basis, manufacturing shipments are positive in Canada, with gains in Prince Edward Island, Nova Scotia, Ontario, Manitoba, Saskatchewan and British Columbia.
In Nova Scotia 2016, durables increased 12.5% or by $311 million over 2015. Non-duables declined 0.2%, or by $10 million. The $301 million difference provided a 3.9% annual increase in manufacturing shipments.
Year-to-date non-durable shipments (unadjusted) account for 65% of manufacturing shipments in 2016 and decreased 0.2% over the same period last year. Increases in food manufacturing (+0.7%) and plastic and rubber (+1.7%) were not sufficient to offset a decline in paper (-12.1%).
Year-to-date durable goods manufacturing has made up 35% of shipments in 2016, growing at 12.5%. Wood products, with a 6% share, are up 15.7% and Computer & Electronics with a 2% share are up 10.9%. Fabricated metal products, with a 4% share, are up 2.3%, and Machinery products, with a 2% share, are down 0.3%.
Statistics Canada Manufacturing Shipments December 2016 and
CANSIM 304-0015 and 304-0014
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