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For additional information relating to this article, please contact:

Barbara Ruszel Economist
Tel: 902-424-1848Email: Basia.Ruszel-Lichodzijewska@novascotia.ca

October 18, 2017
MANUFACTURING SHIPMENTS, AUGUST 2017

 Nova Scotia

Nova Scotia’s seasonally adjusted manufacturing shipments decreased 1.2% in August 2017 to $709 million, and increased 2.7% over August 2016.

For the first eight months of the year (January-August), seasonally adjusted manufacturing shipments are 2.5% higher in 2017 than in 2016.

Unadjusted year-to-date (Jan-Aug), all shipments are up 2.4% (+$126 million):

  • non-durable shipments account for 65% of manufacturing shipments in 2017 and increased 2.8% over the same period last year.
  • Plastic and rubber, with a 20% share, are up 12.6%, and
  • Beverages and tobacco, with a 2% share, are up 0.4% and
  • Food manufacturing, with a 28% share, are down 4.3% over the same period last year.
  • durable goods manufacturing accounts for 35% of shipments in 2017, increased 1.6%.
  • Wood products, with a 6% share, are up 3.1%,
  • Non-metallic mineral products, with a 2% share, are up 2.0%, 
  • Fabricated metal products, with a 4% share, are down 5.7%,
  • Machinery products, with a 2% share, are down 12.8%, and
  • Computer and electronics, with a 2% share, are down 6.6%, over the same period last year.

 

 

 

 

Canada

Canada manufacturing sales were up 1.6% to $53.5 billion in August 2017, and are up 4.3% above last year. Compared to July 2017, overall sales were down in 8 of 21 industries as durable goods increased 3.2% and non-durable goods declined 0.2%.

The sales increase was led by gains of 8.2% in the Transportation equipment industry and a 3.2% gain in the Petroleum and coal industry. These gains were partially offset by declines in Chemical products (-3.6%) and Computer & electronic products (-6.5%).

Inventory levels were unchanged in August 2017 at $73.9 billion.  The Inventory to sales ratio decreased from 1.40 to 1.38. Unfilled orders were unchanged at $86.2 billion, and new orders increased 4.4% to $53.6 billion over July 2017.

 

Provinces

Manufacturing sales were up in eight provinces in August 2017.  Nova Scotia, at  -1.2%, ranked  9th in month-over-month growth.

 

On a year-over-year basis (seasonally adjusted), manufacturing shipments are up 4.3% in Canada, with nine provinces recording positive year-over-year growth. Newfoundland (+27.5%) led the way.  Nova Scotia ranked 7th at 2.7%  growth over August 2016.

On a year-to-date basis, manufacturing shipments growth (unadjusted) was positive in all provinces.  Canada reported +6.8% ytd growth, with large gains reported in Newfoundland (+25.0%), and double digit gains in New Brunswick (+10.9%), Saskatchewan (+13.7%) and Alberta (+14.2%). Nova Scotia (+2.4%) ranked 10th. 

 

 Statistics Canada Manufacturing Shipments August 2017 and   CANSIM 304-0015 and 304-0014

 

 

 



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