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March 15, 2019MANUFACTURING SHIPMENTS, JANUARY 2019 NOVA SCOTIA
In Nova Scotia January 2019, seasonally adjusted manufacturing shipments increased 2.3 per cent to $815.5 million over December 2018 and increased 10.3 per cent over January 2018. Nova Scotia manufacturing shipments have been on an upward trend since 2014.
In Canada January 2019, manufacturing shipments were up 1.0 per cent to $57.1 billion after three consecutive monthly declines. Shipments increased in 15 of 21 industries. The food manufacturing and electrical equipment, appliances and component sectors were both up on higher sales volumes. Compared to January 2018, Canada manufacturing shipments were 4.4 per cent higher.
Inventory levels were up for the second consecutive month with a 1.2 per cent increase led by transportation equipment and machinery. The increase maintained the inventory-to-sales ratio at 1.50 in January. New order fell by 11.9 per cent in January, mostly reflecting the aerospace product and parts industry, and follows a 10.9 per cent increase in December 2018. Unfilled orders were down 1.0 per but in January, following a upward revision to 7.3 per cent growth in December.
PROVINCES
On a seasonally adjusted, month-over-month basis, manufacturing sales increased in eight provinces for January 2019. New Brunswick had the largest growth at 15.4 per cent with a rise in both durable and non-durable goods. Quebec sales were down 2.8 per cent following two months of gains due to a decline in the transportation equipment subsector.
On a seasonally adjusted year-over-year basis, Manufacturing sales increased in nine provinces in January 2019 over January 2018. Prince Edward Island had the largest growth at 46.2 per cent . New Brunswick shipments growth decreased 20.4 per cent. Nova Scotia shipments increased 10.3 per cent and Canada shipments are up 4.4 per cent.
NOVA SCOTIA SECTORS
Nova Scotia manufacturing shipments have been on an upward trend since the beginning of 2014 with rising durable (i.e. wood products, metal products, machinery, transportation equipment) and non-durable (i.e. food, paper/pulp, chemical, plastic and rubber) shipments. Seasonally adjusted non-durable shipments have risen from $408 million in January 2014 to $569 million in January 2019, a 39.2 per cent increase. Durable shipments have increased from $170 million in January 2014 to $246 million in January 2019, a 45.2 per cent increase.
On an unadjusted year-to-date (January 2019 vs. January 2018) basis, manufacturing shipments growth was 14.3 per cent in Nova Scotia. January 2019 shipments were $90.8 million higher at $728 million than January 2018. Higher shipments were seen were seen in the non-durable sector with a $41.4 million increase and incresaes in the food, paper, and plastic and rubber subsectors. Durable manufacturing shipments were up $49.4 million compared to January 2018 with the transportation equipment industry accounting for more than half the increase.
SOURCES
Statistics Canada Monthly survey of Manufacturing, JANUARY 2019
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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