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August 17, 2017MANUFACTURING SHIPMENTS, JUNE 2017 Nova Scotia
Nova Scotia’s seasonally adjusted manufacturing shipments decreased 5.2% in June 2017 to $673.9 million, and increased 0.1% over June 2016.
For the first six months of the year (January-June), seasonally adjusted manufacturing shipments are 1.2% higher in 2017 than in 2016.
Unadjusted year-to-date (Jan-Jun)
- non-durable shipments account for 66% of manufacturing shipments in 2017 and increased 2.0% over the same period last year.
- Food manufacturing, with a 29% share, are down 0.4%,
- Beverages and tobacco, with a 2% share, are up 1.3%, and
- Plastic and rubber, with a 20% share, are up 5.9% over the same period last year.
- durable goods manufacturing accounts for 34% of shipments in 2017, increased 0.6%.
- Wood products, with a 6% share, are up 4.5%,
- Non-metallic mineral products, with a 2% share, are up 12.3%,
- Fabricated metal products, with a 4% share, are down 2.9%,
- Machinery products, with a 2% share, are down 9.5%,
- Computer and electronics, with a 2% share, are down 18.3% and
- Transportation Equipment, with a 16% share, are up 4.8% over the same period last year.
Canada
Canada manufacturing sales were down 1.8% to $53.9 billion in June 2017, and up 6.2% above last year. Compared to May 2017, overall sales were down in 15 of 21 industries as durable goods decreased 1.5% and non-durable goods declined 2.2%.
The sales decline was led by losses of 7.1% in the Petroleum and Coal Product industry and a 2.3% decline in the Transportation Equipment industry. Chemical Industry sales were also down 4.5%. These were partially offset by increases in food (+0.7%) and machinery (+1.8%)
Inventory levels decreased 0.2% in June 2017. The Inventory to sales ratio increased from 1.34 to 1.36. Unfilled orders fell 2.1% to $87.3 billion, and new orders fell 3.0% to $52.1 billion, over May 2017.
Provinces
Manufacturing sales were down in eight provinces in June 2017. Nova Scotia, at -5.2%, ranked 9th in month-over-month growth.
On a year-over-year basis (seasonally adjusted), manufacturing shipments are up 6.2% in Canada, with all provinces recording positive year-over-year growth. Newfoundland (+16.9%) and Alberta (+12.9%) led the way. Nova Scotia ranked 10th at 0.1% growth over June 2016.
On a year-to-date basis, manufacturing shipments growth (unadjusted) was positive in Canada (+6.7%), with large gains in Newfoundland (+25.8%), and double digit gains in New Brunswick (+11.1%), Saskatchewan (+15.9%) and Alberta (+16.0%). Nova Scotia (+1.2%) ranked 10th.
Statistics Canada Manufacturing Shipments June 2017 and
CANSIM 304-0015 and 304-0014
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