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October 17, 2019MANUFACTURING SHIPMENTS, AUGUST 2019 NOVA SCOTIA
Month-over-month
In Nova Scotia August 2019, seasonally adjusted Manufacturing Shipments increased 1.1% to $810.1 million over July 2019 and increased 10.6% over August 2018.
Nova Scotia manufacturing shipments have been on an upward trend since the beginning of 2014 with rising durable (i.e. metal products, machinery, ) and rising non-durable (i.e. food, chemical, plastic and rubber) shipments. Seasonally adjusted non-durable shipments have risen from $405.4 million in January 2014 to $547.9 million in August 2019. Durable shipments have increased from $170.1 million in January 2014 to $262.3 million in August 2019.
Year-to-date
In Nova Scotia Jan-Aug 2019, seasonally adjusted Manufacturing Shipments increased 5.2% ($306.5 million) to $6.2 billion. Non-durable goods industries, accounting for 69% of Manufacturing Shipments, increased 4.1% ($169.4 million) to $4.3 billion. Durable goods industries, accounting for 31% of Manufacturing Shipments, increased 7.6% ($137.2 million) to $1.9 billion.
CANADA
In Canada August 2019, seasonally adjusted Manufacturing Shipments increased 0.8% to $57.6 billion over July 2019 and decreased 0.5% over August 2018.
Compared to July 2019, overall sales decreased in 10 of 21 industries representing 37.1% of all manufacturing sectors. Durable goods increased 1.6% to $30.6 billion over Jul 2019 and increased 1.9% over August 2018. Non-durable goods decreased 0.1% to $27.0 billion over Jul 2019 and decreased 3.1% over August 2018.
Inventory to sales ratio fell to 1.54 in August. Unfilled orders increased 0.8% to $98.1 billion. Unfilled orders were up in transportation equipment, and the aerospace product and parts industries. New orders were up 6.1% to $58.3 billion over July 2019
PROVINCES
On a seasonally adjusted, month-over-month basis, Manufacturing sales increased in 7 provinces in August 2019 over July 2019. Saskatchewan had the largest growth at 7.0%. British Columbia had the largest shipment growth decline (1.4%). Nova Scotia shipments increased 1.1%. In Canada shipments increased 0.8%.
On a seasonally adjusted year-over-year basis, Manufacturing sales increased in 6 provinces in August 2019 over August 2018. Prince Edward Island had the largest growth at 19.0%. New Brunswick had the largest shipment growth decline (17.3%). Nova Scotia shipments increased 10.6%. In Canada shipments decreased 0.5%.
On a seasonally adjusted, year-to-date basis, Manufacturing sales increased in 7 provinces in Jan-Aug 2019. Prince Edward Island had the largest growth at 22.1%. New Brunswick had the largest decline (14.7%). Nova Scotia shipments increased 5.2%. In Canada shipments increased 1.2%.
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NOVA SCOTIA SECTORS
Unadjusted year-to-date (Jan-Aug 2019), Manufacturing Shipments increased 4.9% ($288.1 million) over the same period last year.
- Non-durable goods shipments, accounting for 69% of Manufacturing Shipments, increased 3.8% ($155.8 million),
- Food manufacturing with a 29% share increased 2.9% ($49.8 million).
- Plastics & rubber products with a 23% share increased 6.2% ($84.9 million).
- Other non-durables with a 17% share increased 2.0% ($21.0 million).
- Durable goods industries with a 31% share increased 7.4% ($132.3 million).
- Wood product manufacturing with a 4% share decreased 12.7% ($40.1 million).
- Fabricated metal Prod with a 4% share increased 8.8% ($18.0 million).
- Machinery manufacturing with a 3% share increased 20.4% ($27.4 million).
- Other durables with a 20% share increased 11.1% ($127.1 million).
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)
Statistics Canada. Table 16-10-0011-01 Manufacturing sales, by industry for 12 Selected Census Metropolitan Areas (x 1,000)
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