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March 14, 2025MANUFACTURING SHIPMENTS, JANUARY 2025 Monthly (seasonally adjusted, January 2025 vs December 2024)
Nova Scotia's manufacturing shipments increased 7.3% to $1.03 billion. National shipments increased 1.7% to $73.0 billion.
Manufacturing shipments were up in eight provinces. Prince Edward Island reported the largest monthly increase in manufacturing shipments while Newfoundland and Labrador reported the largest decrease.
Year-over-year (January 2025 vs January 2024)
Nova Scotia's manufacturing shipments increased by 5.5% compared to the same month last year in 2024. National shipments increased 3.0%. Seven provinces reported increases, led by Prince Edward Island. Saskatchewan reported the steepest year-over-year decline.
Year-over-year shipments are up for both durables and non-durables. Non-durable goods shipments from areas outside Halifax account for the largest portion of Nova Scotia's manufacturing output.
Nova Scotia's durable goods shipments increased 6.0%, while non-durable goods shipments increased 5.1% in January 2025 compared to January 2024. In Halifax, durable goods shipments rose 1.6% and non-durables rose 8.8%, year-over-year. Outside Halifax, durable goods shipments increased 9.7%, while non-durables increased 4.4%
Trends
Periodic spikes in Nova Scotia's shipments values are not uncommon. Throughout 2024, manufacturing shipments were stable, with volatility at both the national and provincial levels.
Statistics Canada. 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); Table 16-10-0011-01 Manufacturing sales, by industry for 12 Selected Census Metropolitan Areas (x 1,000)
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