Canadian Manufacturing Sales - October 18, 2017
October 18, 2017
Canadian manufacturing sales rebounded 1.6 per cent in August following two consecutive months of falling output. Sales were up in only 8 of 21 manufacturing sub-sectors, with the majority of growth arising due to higher sales in the transportation equipment and energy sectors.
In BC, manufacturing sales increased 0.8 per cent on a monthly basis and were up 5.2 per cent year-over-year. Strong gains continued in the wood products sector, along with very strong growth in machinery, and transportation equipment manufacturing. A growing manufacturing base has helped push employment higher across the province, supporting housing demand making strong contributions to BC's economy in 2017.
Copyright British Columbia Real Estate Association. Reprinted with permission.
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