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July 17, 2019MANUFACTURING SHIPMENTS, MAY 2019 NOVA SCOTIA
Month-over-month
In Nova Scotia May 2019, seasonally adjusted Manufacturing Shipments increased 12.5% to $849.0 million over April 2019, and increased 11.1% over May 2018.
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 rising non-durable (i.e. food, paper/pulp, chemical, plastic and rubber) shipments. Seasonally adjusted non-durable shipments have risen from $405.4 million in January 2014 to $579.7 million in May 2019. Durable shipments have increased from $170.1 million in January 2014 to $269.3 million in May 2019.
Year-to-date
In Nova Scotia Jan-May 2019, seasonally adjusted Manufacturing Shipments increased 4.6% ($169.3 million) to $3.9 billion. Non-durable goods industries, accounting for 69% of Manufacturing Shipments, increased 4.1% ($106.0 million) to $2.7 billion. Durable goods industries, accounting for 31% of Manufacturing Shipments, increased 5.6% ($63.3 million) to $1.2 billion.
CANADA
In Canada May 2019, seasonally adjusted Manufacturing Shipments increased 1.6% to $58.9 billion over April 2019, and increased 3.0% over May 2018. The monthly increase was mainly due to higher sales in transportation equipment.
Compared to April 2019, overall sales rose in 12 of 21 industries representing 66.2% of all manufacturing sectors. Durable goods increased 3.0% to $30.9 billion over Apr 2019, and increased 1.5% over May 2018. Non-durable goods increased 0.1% to $28.0 billion over Apr 2019, and increased 4.7% over May 2018.
Inventory to sales ratio edged down to 1.51 in May. Unfilled orders rose 0.5% to $100.4 billion. The rise in unfilled orders in May was largely due to higher unfilled orders in the aerospace product and parts industry, partially offset by lower unfilled orders of machinery and fabricated metal products.
PROVINCES
On a seasonally adjusted, month-over-month basis, Manufacturing sales increased in 6 provinces in May 2019 over April 2019. Nova Scotia had the largest growth at 12.5%. Saskatchewan shipments decreased 5.1%. In Canada shipments increased 1.6%.
On a seasonally adjusted year-over-year basis, Manufacturing sales increased in 6 provinces in May 2019 over May 2018. Prince Edward Island had the largest growth at 26.5%. Saskatchewan shipments decreased 16.3%. Nova Scotia shipments increased 11.1%. In Canada shipments increased 3.0%.
On a seasonally adjusted, year-to-date basis, Manufacturing sales increased in 8 provinces in Jan-May 2019. Prince Edward Island had the largest growth at 16.4%.
New Brunswick shipments decreased 12.6%. Nova Scotia shipments increased 4.6%. In Canada shipments increased 2.6%.
NOVA SCOTIA SECTORS
Unadjusted year-to-date (Jan-May 2019), Manufacturing Shipments increased 4.8% ($170.5 million) over the same period last year.
- Non-durable goods shipments , accounting for 69% of Manufacturing Shipments , increased 4.4% ($108.3 million),
- Food manufacturing with a 28% share increased 2.0% ($19.8 million).
- Paper manufacturing, accounting for 8% of Manufacturing Shipments , increased 5.9% ($17.1 million).
- Plastics & rubber products with a 24% share increased 7.2% ($60.2 million).
- Other non-durables with a 9% share increased 3.6% ($11.2 million).
- Durable goods industries with a 31% share increased 5.8% ($62.2 million).
- Wood product manufacturing with a 4% share decreased 14.6% ($27.8 million).
- Machinery manufacturing with a 4% share increased 8.7% ($10.7 million).
- Other durables with a 23% share increased 10.4% ($79.2 million).
SOURCES
Statistics Canada Monthly survey of Manufacturing
Statistics Canada. Table 16-10-0047-01 Manufacturers' sales, inventories, orders and inventory to sales ratios, by industry (dollars unless otherwise noted)
Statistics Canada. Table 16-10-0048-01 Manufacturing sales by industry and province, monthly (dollars unless otherwise noted) (x 1,000)
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