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August 14, 2020MANUFACTURING SHIPMENTS, JUNE 2020
COVID-19 AFFECT ON SALES
In Canada, "Manufacturing sales rose by a record 20.7% to $48.7 billion in June, following an 11.6% increase in May. Many factories operated at a much higher capacity in June, with the capacity utilization rate (not seasonally adjusted) for the total manufacturing sector increasing 10.9 percentage points to 73.3%.
Based on respondent feedback, the largest estimated impacts of the pandemic on manufacturing sales in dollar terms were in
- transportation equipment (-$1.1 billion),
- machinery (-$481 million),
- fabricated metal product (-$463 million),
- petroleum and coal product (-$385 million),
- food (-$319 million), and
- primary metal (-$260 million)"
Statistics Canada
CANADA
In Nova Scotia June 2020, seasonally adjusted Manufacturing Shipments increased 16.2% to $752.4 million over May 2020 and decreased 1.1% over June 2019.
In Canada June 2020, seasonally adjusted Manufacturing Shipments
- Compared to May 2020, overall sales decreased in 20 of 21 industries
- overall sales increased 20.7% to $48.7 billion over May 2020 and decreased 15.6% over June 2019
- Durable goods increased 34.1% to $25.5 billion over May 2020 and decreased 17.5% over June 2019.
- Non-durable goods increased 8.8% to $23.3 billion over May 2020 and decreased 13.5% over June 2019.
PROVINCES
On a seasonally adjusted, month-over-month basis, Manufacturing sales increased in 8 provinces. In June 2020 over May 2020, Ontario had the largest growth at 35.8%, Prince Edward Island shipment growth decreased 7.2%. Nova Scotia shipments increased 16.2%. In Canada shipments increased 20.7%.
On a seasonally adjusted year-over-year basis, Manufacturing sales declined in all provinces. In June 2020 over June 2019, Nova Scotia had the smallest decline -1.1%. Newfoundland and Labrador reported the largest decline at 54.5%. In Canada shipments decreased 15.6%.
NOVA SCOTIA SECTORS
Month-over-month seasonally adjusted
In Nova Scotia June 2020, seasonally adjusted Manufacturing Shipments increased 16.2% to $752.4 million over May 2020 and decreased 1.1% over June 2019. Durable shipments were up 12.2 per cent compared to May 2020 and are 4.1 per cent below June 2019. Non-durable shipments increased 25.3 per cent compared to last month and are 5.6 per cent higher than June 2019
Year-over-year Unadjusted
Unadjusted Year-over-year (Jun 2020 vs Jun 2019), Manufacturing Shipments increased 1.8% ($14.5 million).
- Non-durable goods shipments, accounting for 67% share of Manufacturing Shipments, decreased 0.7% (-$4.1 million).
- Food manufacturing with a 34% share of Manufacturing Shipments, increased 14.5% ($36.0 million).
- Plastics & rubber products with a 18% share of Manufacturing Shipments, decreased 19.8% (-$36.0 million).
- Other non-durables with a 15% share of Manufacturing Shipments, decreased 3.2% (-$4.2 million).
- Durable goods shipments, accounting for 33% share of Manufacturing Shipments, increased 7.3% ($18.6 million).
- Wood product manufacturing with a 5% share of Manufacturing Shipments, increased 35.1% ($11.0 million).
- Fabricated metal Prod with a 4% share of Manufacturing Shipments, increased 8.4% ($2.6 million).
- Machinery manufacturing with a 2% share of Manufacturing Shipments, decreased 38.7% (-$9.4 million).
- Other durables with a 22% share of Manufacturing Shipments, increased 8.6% ($14.5 million).
CENSUS METROPOLITAN AREAS (CMA) SECTORS
HALIFAX CMA
In Halifax, month-to-month/year-over-year,
- unadjusted manufacturing shipments have increased 27.0% to $242.0 million over May 2020 and increased 13.6% over June 2019.
- Non-durable shipments have increased 18.3% to $92.2 million over May 2020 and increased 0.2% over June 2019.
- Durable shipments have increased 33.0% to $149.8 million over May 2020 and increased 23.7% over June 2006.
In the rest of Nova Scotia, month-to-month/year-over-year,
- unadjusted manufacturing shipments have increased 15.6% to $585.8 million over May 2020 and declined 2.4% over June 2019.
- Non-durable shipments have Increased 12.5% to $462.8 million over May 2020 and declined 0.9% over June 2019.
- Durable shipments have Increased 28.9% to $123.1 million overMay 2020 and declined 7.6% over June 2019.
During the COVID-19 pandemic, comparisons of year-to-date averages and sums do not show Nova Scotia’s rapidly changing economic situation. The DailyStats will focus on year-over-year comparisons, comparing one month with the same month in the prior year. Where possible the DailyStats will make comparisons of seasonally adjusted data from the pre-COVID-19 period (January and February 2020) with the period during which COVID-19 measures were in place from March 2020 onwards.
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)
Statistics Canada. Table 16-10-0011-01 Manufacturing sales, by industry for 12 Selected Census Metropolitan Areas (x 1,000)
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