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June 14, 2021MANUFACTURING SHIPMENTS, APRIL 2021 With April reference month results, year-over-year (Apr 2021 vs Apr 2020) and year-to-date (Jan-Apr21 vs Jan-Apr20) show rebounds in economic activity from the unprecedented declines observed in the first wave of the COVID-19 pandemic.
Month over month (seasonally adjusted, April vs. March 2021)
Nova Scotia's manufacturing shipments decreased 14.8% to $816.3 million. National shipments decreased 2.1% to $57.10 billion. Manufacturing shipments were up in 5 of 10 provinces, led by Alberta and New Brunswick. Nova Scotia and Ontario reported the largest declines.
Year over year (seasonally adjusted, April 2021 vs. April 2020)
Nova Scotia's manufacturing shipments increased 21.5%. National shipments increased 57.1%. Manufacturing shipments were up in all 10 provinces, led by Newfoundland and Labrador and New Brunswick. Prince Edward Island reported the smallest gain.
Year to date (seasonally adjusted, Jan-Apr 2021 vs. Jan-Apr 2020)
Nova Scotia's manufacturing shipments increased 15.5%. National shipments increased 57.1%. Manufacturing shipments were up in 8 of 10 provinces, led by New Brunswick and British Columbia. Newfoundland and Labrador and Prince Edward Island reported the largest declines.
Nova Scotia's durable goods shipments increased 27.9%, while non-durable goods shipments increased 9.3%. In unadjusted data for Halifax, durable goods shipments increased 29.4%, while non-durables increased 11.4%. Outside Halifax, unadjusted durable goods shipments increased 26.0%, while non-durables increased 9.2%.
Trends
In the nine months leading up to the start of the COVID-19 pandemic, manufacturing shipments had been trending down both in Canada and in Nova Scotia. After the pandemic was declared, Nova Scotia's manufacturing shipments declined sharply, falling 14.2% from February to May. National shipments reached their trough earlier, falling 34.9% from February to April.
Since then, Nova Scotia's manufacturing shipments have recovered and were 13.3% higher in April 2021 than in February 2020. National shipments have also been trending upwards since August 2020, and was 2.4% higher in April when compared to February 2020 levels.
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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