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August 16, 2021MANUFACTURING SHIPMENTS, JUNE 2021 With June reference month results, year-over-year (Jun 2021 vs Jun 2020) and year-to-date (Jan-Jun 21 vs Jan-Jun20) show rebounds in economic activity from the unprecedented declines observed in the first wave of the COVID-19 pandemic.
Month over month (seasonally adjusted, June vs. May 2021)
Nova Scotia's manufacturing shipments increased 1.6% to $851.7 million. National shipments increased 2.1% to $59.23 billion following two consecutive monthly declines. Manufacturing shipments were up in seven provinces, with Saskatchewan (+7.5%) posting the largest gain. Newfounadland and Labrador (-9.6%) posted the largest monthly decline in June.
Year over year (seasonally adjusted, June 2021 vs. June 2020)
Nova Scotia's manufacturing shipments increased 16.2%. National shipments increased 20.0%. Manufacturing shipments were up in all 10 provinces, led by New Brunswick and Saskatchewan. Ontario reported the smallest gain.
Year to date (seasonally adjusted, Jan-Jun 2021 vs. Jan-Jun 2020)
Nova Scotia's manufacturing shipments increased 19.1%. National shipments increased 20.6%. Manufacturing shipments were up in all 10 provinces, led by New Brunswick and Saskatchewan. Prince Edward Island reported the smallest gain.
Nova Scotia's durable goods shipments increased 30.4%, while non-durable goods shipments increased 13.6%. In unadjusted data for Halifax, durable goods shipments increased 22.2%, while non-durables increased 13.7%. Outside Halifax, unadjusted durable goods shipments increased 40.6%, while non-durables increased 14.8%.
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 16.1% from February 2020 to May 2020. National shipments reached their trough earlier, falling 36.3% from February 2020 to April 2020.
Since then, Nova Scotia's manufacturing shipments have recovered and were 15.0% higher in June 2021 than in February 2020. National shipments have also been trending upwards since August 2020 and were 4.3% higher in June 2021 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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