Canadian Manufacturing Sales - June 14, 2013

BCREA ECONOMICS NOW

Canadian Manufacturing Sales - June 14, 2013

Canadian manufacturing sales tumbled 2.4 per cent in April, the fourth decline in the past five months. Sales fell in over half of manufacturing subsectors, with declines driven by falling output in the petroleum, coal and chemical industries for the second consecutive month.

In BC, manufacturing sales dipped 0.5 per cent on a monthly basis but were 3.6 per cent higher than April 2012. BC wood product manufacturing continued its remarkable rebound in April, rising 8.4 per cent on a monthly basis and 59 per cent year-over-year. Year-to-date, wood product sales are up 42 per cent. The recovery in the wood products sector should provide a substantial boost to employment and income growth in regions of the province with significant forestry operations.