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November 16, 2017MANUFACTURING SHIPMENTS, SEPTEMBER 2017 Nova Scotia
Nova Scotia’s seasonally adjusted manufacturing shipments decreased 3.6% in September 2017 to $688 million, and increased 3.3% over September 2016.
For the first nine months of the year (January-September), seasonally adjusted manufacturing shipments are 2.7% higher in 2017 than in 2016.
Unadjusted year-to-date (Jan-Sep), all shipments are up 2.6% (+$158 million):
- non-durable shipments account for 65% of manufacturing shipments in 2017 and increased 3.5% over the same period last year.
- Plastic and rubber shipments, with a 20% share, are up 13.6%, and
- Beverages and tobacco, with a 2% share, are down 0.3% and
- Food manufacturing, with a 28% share, are down 3.7% over the same period last year.
- durable goods manufacturing accounts for 35% of shipments in 2017, increased 1.0%.
- Wood products, with a 6% share, are up 2.7%,
- Non-metallic mineral products, with a 2% share, are down 0.4%,
- Fabricated metal products, with a 4% share, are down 5.4%,
- Machinery products, with a 2% share, are down 15.0%, and
- Computer and electronics, with a 2% share, are down 1.1%, over the same period last year.
Canada
Canada manufacturing sales were up 0.5% to $53.7 billion in September 2017, and are up 4.6% above last year. Compared to August 2017, overall sales were up in 7 of 21 industries as durable goods decreased 0.5% and non-durable goods increased 1.7%.
The sales increase was led by gains of 10.3% in the Petroleum and coal industry, and by machinery (+1.9%) and paper (+1.0%). These gains were partially offset by declines in Transportation equipment industry (-0.7%) and food industry (-1.0%).
Inventory levels declined in September 2017 to $73.3 billion. The Inventory to sales ratio decreased from 1.38 to 1.36. Unfilled orders were decreased to $85.1 billion, and new orders increased 1.7% to $52.8 billion over August 2017.
Provinces
Manufacturing sales were up in seven provinces in September 2017. Nova Scotia, at -3.6%, ranked 10th in month-over-month growth.
On a year-over-year basis (seasonally adjusted), manufacturing shipments are up 4.6% in Canada, with nine provinces recording positive year-over-year growth. Newfoundland (+55.8%) led the way. Nova Scotia ranked 9th at 3.3% growth over September 2016.
On a year-to-date basis, manufacturing shipments growth (unadjusted) was positive in all provinces. Canada reported +6.2% ytd growth, with large gains reported in Newfoundland (+27.9%), and double digit gains in New Brunswick (+11.4%), Saskatchewan (+13.1%) and Alberta (+14.0%). Nova Scotia (+2.6%) ranked 9th.
Statistics Canada Manufacturing Shipments September 2017 and CANSIM 304-0015 and 304-0014
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