BCREA ECONOMICS NOW Canadian Manufacturing Sales - October 16, 2014
Canadian manufacturing sales fell 3.3 per cent in August to $52.1 billion following a record setting dollar volume of sales in July. The dip in sales was the first monthly decline of 2014 and was largely the result of lower sales of motor vehicles and vehicle parts, though sales were lower in 16 of 21 manufacturing sub-sectors.
In BC, where manufacturing is one of the largest employers, manufacturing sales were up 0.6 cent on a monthly basis, and were 9.4 per cent higher year-over-year. Through the first eight months of the year, manufacturing sales are 6.6 per cent higher than last year. “Copyright British Columbia Real Estate Association. Reprinted with permission.”