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June 14, 2024MANUFACTURING SHIPMENTS, APRIL 2024 Monthly (seasonally adjusted, April 2024 vs March 2024)
Nova Scotia's manufacturing shipments increased 6.2% to $1.031 billion. National shipments increased 1.1% to $70.8 billion.
Manufacturing shipments were up in 7 of 10 provinces, Prince Edward Island had the largest reported increase. Newfoundland and Labrador had the largest reported decline.
Year-over-year (April 2024 vs April 2023)
Nova Scotia's manufacturing shipments increased 14.2%. National shipments decreased 1.0%.
Manufacturing shipments were up in 6 out of 10 provinces. Prince Edward Island reported the largest increase while Newfoundland and Labrador posted the largest decline.
Year-to-date (seasonally adjusted, January-April 2024 vs January-April 2023)
Nova Scotia's manufacturing shipments increased 5.7%. National shipments decreased 2.6%.
Manufacturing shipments were down in 8 of 10 provinces. Newfoundland and Labrador reported the steepest decline. Nova Scotia reported the largest increase.
Nova Scotia's durable goods shipments decreased 6.9%, while non-durable goods shipments increased 13.9%. In Halifax, durable goods shipments decreased 22.7%, while non-durables decreased 2.1%. Outside Halifax, durable goods shipments increased 14.3%, while non-durables increased 17.5%.
Trends
Nova Scotia’s manufacturing shipments maintained an upward trend through 2023 and first months of 2024. Periodic spikes in Nova Scotia's shipments values are not uncommon. In Nova Scotia manufacturing shipments have been relatively trending up since January 2023. Nationally manufacturing shipments have been relatively trending down over the same period.
Statistics Canada. Table 16-10-0047-01 Manufacturers' sales, inventories, orders and inventory to sales ratios, by industry (dollars unless otherwise noted); Table 16-10-0048-01 Manufacturing sales by industry and province, monthly (dollars unless otherwise noted) (x 1,000); Table 16-10-0011-01 Manufacturing sales, by industry for 12 Selected Census Metropolitan Areas (x 1,000)
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