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For additional information relating to this article, please contact:

Thomas StorringDirector – Economics and Statistics
Tel: 902-424-2410Email: thomas.storring@novascotia.ca

April 17, 2018
MANUFACTURING SHIPMENTS, FEBRUARY 2018

Nova Scotia

Nova Scotia’s seasonally adjusted manufacturing shipments increased 6.5% in February 2018 to $780 million, and increased 24.3% over February 2017. For the first two months of the year (Jan-Feb), seasonally adjusted manufacturing shipments are 17.9% higher in 2018 than in 2017.

Unadjusted year-to-date (Jan-Feb 2018), All shipments increased 19.5% ($212.7 million) over the same period last year. 

  • Non-durable goods shipments, accounting for 69% of Manufacturing Shipments, increased 26.6% ($189.9 million),
  • Food with a 27% share increased 17.8% ($54.1 million), and
  • Plastics and rubber with a 25% share increased 40.4% ($93.1 million). 
  • Durable goods manufacturing, accounting for 31% of Manufacturing Shipments, increased 6.0% ($22.8 million),
  • Wood products, with a 6% share, increased 13.3% ($9.2 million),
  • Fabricated metal products, with a 4% share, increased 0.8% ($0.3 million),
  • Machinery products, with a 2% share, increased 9.7% ($2.3 million),
  • Computer& electronics, with a 1% share, decreased -22.3% ($-5.6 million), and
  • Transportation equipment, with a 14% share, increased 5.9% ($10.4 million).

 

 

Canada

Canada manufacturing sales rose 1.9% to $55.8 billion in February 2018, and are up 4.6% above last year. Compared to January 2018, overall sales increased in 14 of 21 industries as durable goods increased 3.4% and non-durable goods increased 0.3%.

The sales increase was led by increases of 6.6% to $10.7 billion in the transportation equipment industry. Sales were also up in the primary metal manufacturing  (+4.8% to $4.3 billion), paper manufacturing (+3.2% to $2.5 billion), and computer and electronics (+5.7 to $1.3 billion).

Increased sales were partially offset by decreases in petroleum and coal (-2.1% to $5.8 billion).

Inventory levels increased 1.3% in February 2018 to $77.4 billion.  The Inventory to sales ratio decreased from 1.40 to 1.39. Unfilled orders increased 3.0% to $89.7 billion, and new orders increased 5.0% to $58.4 billion over January 2018.

 

 Provinces


Manufacturing sales were up in six provinces in February 2017.  Prince Edward Island had the largest month-over-month seasonally adjusted growth at 17.2%. Nova Scotia reported growth increased 6.5%. The Canadian average was 1.9%.

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. Prince Edward Island (+26.8%) reported the fastest growth.  Nova Scotia  reported manufacturing shipments increased 24.3% over February 2017.

On an unadjusted year-to-date basis, manufacturing shipments growth was positive in all provinces.  Canada reported +4.8% growth compared with the first two months of 2017.  The largest gains were reported in Nova Scotia (+19.5%), with notable gains in New Brunswick (+10.8%), and Alberta (+10.6%). 

  

 

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

 

 



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