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October 16, 2020MANUFACTURING SHIPMENTS, AUGUST 2020 Month over month (seasonally adjusted, Jul 2020 to Aug 2020)
Nova Scotia's manufacturing shipments increased 0.2% to $716.8 billion. Non-durable shipments decreased 2.2% to $495.5 million. Durable shipments increased 6.2% to $221.3 million.
Canada's manufacturing shipments decreased 2.0% to $52.4 billion. Overall sales decreased in 5 of 21 industries representing 30.9% of all manufacturing sectors. Durable goods decreased 3.1% to $28.0 billion. Non-durable goods decreased 0.7% to $24.4 billion. decreased 9.8% over August 2019.
On a seasonally adjusted, month-over-month basis, Manufacturing sales increased in 6 provinces. Manitoba had the largest growth at 5.9%. Newfoundland and Labrador shipments decreased the most at 7.4%.
Year over year (seasonally adjusted, Aug 2020 vs Aug 2019)
Nova Scotia manufacturing shipments decreased 9.0% (-$70.5 million). Non-durable goods industries shipments decreased 7.5% (-$40.2 million). Durable goods industries shipments decreased 12.0% (-$30.3 million).
Canada's manufacturing shipments decreased 8.8%. Non-durable goods decreased 9.8%. Durable goods decreased 8.0%.
Year-over-year shipments were up in 2 provinces. British Columbia had the largest growth at 4.5%. Newfoundland and Labrador shipments decreased the most at -53.8%.
Year-to-date (seasonally adjusted, Jan-Aug 2020 vs Jan-Aug 2019)
Nova Scotia shipments decreased 8.4% (-$523.6 million) to $5.7 billion. Non-durable goods industries increased 10.3% (-$440.8 million) to $3.8 billion. Durable goods industries decreased 4.3% (-$82.8 million) to $1.9 billion.
In Canada, Manufacturing Shipments decreased 14.3%. Non-durable goods decreased 11.1%. Durable goods decreased 17.1%.
Manufacturing sales all negative in all provinces. Prince Edward Island had the smallest decline at -5.4%. Newfoundland and Labrador shipments decreased the most at -43.4%.
Trends
Nova Scotia's seasonally adjusted manufacturing shipments had a relatively modest decline during the most severe COVID-19 restrictions. As of August, Nova Scotia's manufacturing shipments were 0.5% below Feb20 levels. National manufacturing shipments were 6.6% below Feb20 levels. Among provinces, only Manitoba and British Columbia manufacturing shipments have recovered to Feb20 levels.
In addition to fallinig manufacturing shipments, Canada's new orders for manufacturing decreased by 3.4% while unfilled orders fell by 1.7%. Manufacturing inventories rose by 0.2%.
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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