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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

December 18, 2018
MANUFACTURING SHIPMENTS, OCTOBER 2018

Nova Scotia

In Nova Scotia October 2018, seasonally adjusted manufacturing shipments increased 4.8 per cent to $764.5 million over September 2018, and increased 4.2 per cent over October 2017. Manufacturing shipments are up 11.0 per cent in the first ten months of the year. Year-to-date manufacturing shipments (unadjusted) of non-durable goods are up 15.1 per cent while shipments for durables are up 1.0 per cent.

CANADA

In Canada October 2018, seasonally adjusted manufacturing shipments decreased 0.1 per cent to $58.2 billion over September 2018, and increased 8.0 per cent over October 2017. Compared to September 2018, overall sales decreased in 7 of 21 industries representing 40.5 per cent of all manufacturing sectors.  Durable goods decreased 0.9 per cent to $30.0 billion over Sep 2018, and increased 4.9 per cent over October 2017. Non-durable goods increased 0.7 per cent to $28.3 billion over Sep 2018, and increased 11.5 per cent over October 2017. 

Inventory to sales ratio was increased to 1.46 in October.  Unfilled orders increased 1.4 per cent to $96.4 billion mostly due to an increase in the transportation equipment industry.  New orders increased 2.4 per cent to $59.6 billion in October.

PROVINCES

On a seasonally adjusted, month-over-month basis, manufacturing sales increased in 7 provinces in October 2018 over September 2018. Newfoundland and Labrador and Prince Edward Island had the fastest growth (+5.4 per cent), while New Brunswick shipment growth showed the largest decline (-12.0 per cent). Nova Scotia shipments increased 4.8 per cent. Nationally, manufacturing shipments decreased 0.1 per cent.

On a seasonally adjusted year-over-year basis, manufacturing sales increased in 9 provinces in October 2018 over October 2017. Prince Edward Island had the largest gain (+38.8 per cent) while New Brunswick reported the largest decline (-26.4 per cent). Nova Scotia shipments increased 4.2 per cent. In Canada shipments increased 8.0 per cent.

On a seasonally adjusted, year-to-date basis, manufacturing sales increased in all provinces in Jan-Oct 2018. Newfoundland and Labrador had the fastest growth (+19.5 per cent) and Ontario had the slowest (+4.0 per cent). Nova Scotia shipments increased 11.0 per cent.  In Canada shipments increased 6.2 per cent.

YEAR-TO-DATE UNADJUSTED DATA

On an unadjusted year-to-date basis, manufacturing shipments growth was positive in all provinces. Nationally, shipments increased by 6.3 per cent. Nova Scotia shipments increased 10.5 per cent.

SOURCES

Statistics Canada Monthly survey of Manufacturing, October 2018 

Table  16-10-0047-01   Manufacturers' sales, inventories, orders and inventory to sales ratios, by industry (dollars unless otherwise noted) 

Table  16-10-0048-01   Manufacturing sales by industry and province, monthly (dollars unless otherwise noted) (x 1,000)



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