BCREA ECONOMICS NOW: Canadian Manufacturing Sales - August 16, 2013
BCREA ECONOMICS NOW
Canadian Manufacturing Sales - August 16, 2013
Canadian manufacturing sales declined 0.5 per cent in June, the fourth decrease in the past six months. Weaker sales were recorded across the manufacturing sector as 16 of 21 manufacturing subsectors saw sales decline.
In BC, manufacturing sales fell 4.5 per cent as sales were pushed lower by an 11 per cent decline in BC wood products, the second decline in that sector in the past two months following a remarkably strong start to the year. However, in spite of recent weakness, wood product sales remain 35 per cent higher through the first half of 2013 compared to the first half of 2012. Overall manufacturing sales in BC are 2 per cent higher through the first 6 months of the year.
For more information, please contact:
Cameron Muir Brendon Ogmundson
Chief Economist Economist
Direct: 604.742.2780 Direct: 604.742.2796
Mobile: 778.229.1884 Mobile: 604.505.6793
Email: cmuir@bcrea.bc.ca Email: bogmundson@bcrea.bc.ca
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