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August 20, 2019MANUFACTURING SHIPMENTS, JUNE 2019 NOVA SCOTIA
Month-over-month
In Nova Scotia June 2019, seasonally adjusted Manufacturing Shipments decreased 12.1% to $750.0 million over May 2019 and increased 3.6% over June 2018.
Nova Scotia manufacturing shipments have been on an upward trend since the beginning of 2014 with rising durable (i.e. wood products, metal products, machinery, transportation equipment) and rising non-durable (i.e. food, paper/pulp, chemical, plastic and rubber) shipments. Seasonally adjusted non-durable shipments have risen from $405.4 million in January 2014 to $516.2 million in June 2019. Durable shipments have increased from $170.1 million in January 2014 to $233.8 million in June 2019.
Year-to-date
In Nova Scotia Jan-Jun 2019, seasonally adjusted Manufacturing Shipments increased 4.2% ($185.7 million) to $4.6 billion. Non-durable goods industries, accounting for 70% of Manufacturing Shipments, increased 3.0% ($91.7 million) to $3.2 billion. Durable goods industries, accounting for 30% of Manufacturing Shipments, increased 7.1% ($94.0 million) to $1.4 billion.
CANADA
In Canada June 2019, seasonally adjusted Manufacturing Shipments decreased 1.2% to $58.0 billion over May 2019 and increased 0.1% over June 2018.
Compared to May 2019, overall sales decreased in 16 of 21 industries representing 68.0% of all manufacturing sectors. Durable goods increased 0.7% to $31.1 billion over May 2019 and increased 1.8% over June 2018. Non-durable goods decreased 3.3% to $26.9 billion over May 2019 and decreased 1.9% over June 2018.
Inventory to sales ratio declined to 1.51 in June. Unfilled orders declined 1.2% to $99.2 billion. Unfilled orders were down mostly in the aerospace product and parts, and computer and electronic products industry. Declines were partially offset by increases in chemical industry. New orders declined 4.2% to $56.8 billion over May 2019.
PROVINCES
On a seasonally adjusted, month-over-month basis, Manufacturing sales increased in 2 provinces in June 2019 over May 2019. Quebec had the largest growth at 1.0%. Newfoundland and Labrador shipment growth decreased 17.5%. Nova Scotia shipments decreased 12.1%. In Canada shipments decreased 1.2%.
On a seasonally adjusted year-over-year basis, Manufacturing sales increased in 4 provinces in June 2019 over June 2018. Prince Edward Island had the largest growth at 32.3%. New Brunswick shipment growth decreased 18.5%. Nova Scotia shipments increased 3.6%. In Canada shipments increased 0.1%.
On a seasonally adjusted, year-to-date basis, Manufacturing sales increased in 7 provinces in Jan-Jun 2019. Prince Edward Island had the largest growth at 21.0%. New Brunswick shipment growth decreased 14.1%. Nova Scotia shipments increased 4.2%. In Canada shipments increased 2.0%.
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NOVA SCOTIA SECTORS
Seasonally adjusted non-durable shipments have risen from $405.4 million in January 2014 to $516.2 million in June 2019. Durable shipments have increased from $170.1 million in January 2014 to $233.8 million in June 2019.
Unadjusted year-to-date (Jan-Jun 2019), Manufacturing Shipments increased 4.0% ($174.2 million) over the same period last year.
- Non-durable goods shipments, accounting for 69% of Manufacturing Shipments, increased 2.8% ($84.7 million),
- Food manufacturing with a 28% share decreased 0.1% (-$1.8 million).
- Paper manufacturing, accounting for 8% of Manufacturing Shipments, increased 1.8% ($6.5 million).
- Plastics & rubber products with a 24% share increased 6.8% ($68.9 million).
- Other non-durables with a 9% share increased 2.9% ($11.2 million).
- Durable goods industries with a 31% share increased 6.8% ($89.5 million).
- Wood product manufacturing with a 4% share decreased 17.1% ($40.3 million).
- Fabricated metal Prod with a 4% share increased 9.3% ($14.1 million).
- Machinery manufacturing with a 3% share increased 23.5% ($23.5 million).
- Other durables with a 20% share increased 11.2% ($92.3 million).
STATISTICS CANADA QUOTES
"In Newfoundland and Labrador (-17.5%), Nova Scotia (-12.1%) and Manitoba (-5.8%), manufacturing sales decreased in both the non-durable and durable goods industries. All three provinces had reported gains in May."
SOURCES
Statistics Canada Monthly survey of Manufacturing
Statistics Canada. Table 16-10-0047-01 Manufacturers' sales, inventories, orders and inventory to sales ratios, by industry (dollars unless otherwise noted)
Statistics Canada. Table 16-10-0048-01 Manufacturing sales by industry and province, monthly (dollars unless otherwise noted) (x 1,000)
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