Canadian Manufacturing Sales - November 16, 2016
Posted on
November 16, 2016
by
Steve Flynn
Canadian manufacturing sales rose 0.3 per cent in September, the fourth consecutive monthly increase. Sales were higher in 12 of 21 manufacturing sub-sectors, however after adjusting for inflation, the total volume of sales was actually down 0.2 per cent.
In BC, where the manufacturing sector employs approximately 170,000 people and is a key driver of economic growth, sales were up 0.6 per cent on a monthly basis and 7.8 per cent year-over-year. A strengthening manufacturing sector in recent months, and in particular a growing forestry sector, has helped BC maintain its Canada leading rate of economic growth, which we estimate to be around 3.5 per cent through the first nine months of the year.
Copyright British Columbia Real Estate Association. Reprinted with permission.
|
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.
Comments:
Post Your Comment: