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July 13, 2020CANADA INDUSTRIAL PRODUCT PRICES, JUNE 2020 (FLASH) Overall Canadian industrial product prices are up 0.4% from Jun-20 vs May-20 and are down 3.1% over Jun-20 vs Jun-19. Excluding energy and petroleum products, industrial product prices are down 0.6% from Jun-20 vs May-20 and are up 1.4% from Jun-20 vs Jun-19.
Declining industrial products are largely attributable to reductions in the prices of energy and petroleum products, which are up 11.7% from Jun-20 vs May-20 and are down 31.6% from Jun-20 vs Jun-19.
Month-over-month: In Jun-20 vs Jun-19, the majority of non-energy industrial product prices (17 of 20) are down with the exceptions of
- Primary non-ferrous metal,
- Beverages (excl. juice), and
- Lumber and other wood.
Year-over-year: In Jun-20 vs Jun-19, the majority of non-energy industrial product prices (12 of 20) are up with the exceptions of
- Cement, glass, non-metallic minerals
- Packaging materials/containers
- Plastic and rubber
- Pulp and paper
- Fabricated metal/construction materials
- Primary ferrous metal
- Chemicals and chemical
During the COVID-19 pandemic, comparisons of year-to-date averages and sums do not show Nova Scotia’s rapidly changing economic situation. The DailyStats will focus on year-over-year comparisons, comparing one month with the same month in the prior year. Where possible the DailyStats will make comparisons of seasonally adjusted data from the pre-COVID-19 period (January and February 2020) with the period during which COVID-19 measures were in place from March 2020 onwards.
To provide Canadians with timely information about the uncertain impacts of COVID-19, Statistics Canada is providing a preliminary ('flash') estimate of industrial product prices. This will provide an early assessment of the impacts from COVID-19. This information is preliminary and will be revised at the end of May. These data refer to prices received by all Canadian producers across the country.
Source: Industrial Product Price Index: Flash estimates, June 2020
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