Canadian Manufacturing Sales - November 16, 2017
Canadian manufacturing sales rose for a second consecutive month, increasing 0.5 per cent in September. Sales were up in 7 of 21 manufacturing sub-sectors, with the majority of growth arising due to higher sales in the energy sector.
In BC, manufacturing sales increased 0.4 per cent on a monthly basis and were up 7.2 per cent year-over-year. Although the manufacturing and trade sector faced significant headwinds in recent months due to a stronger Canadian dollar and punitive tariffs on softwood lumber, the sector continues to be a substantial driver of BC's robust economic growth in 2017.
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