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January 16, 2023MANUFACTURING SHIPMENTS, NOVEMBER 2022 Month over month (seasonally adjusted, November 2022 vs October 2022)
Nova Scotia's manufacturing shipments increased 1.4% to $901 million. National shipments decreased 0.05% to $72.3 billion.
Manufacturing shipments were up in 7 of 10 provinces led by Prince Edward Island, Newfoundland and Labrador, and New Brunswick. Manitoba reported the largest decline.
Year over year (November 2022 vs November 2021)
Nova Scotia's manufacturing shipments increased 5.8%. National shipments increased 12.8%.
Manufacturing shipments were up in 9 of 10 provinces, led by Saskatchewan, Prince Edward Island and Alberta. Newfoundland and Labrador was the only province to report a decline.
Year to date (seasonally adjusted, January-November 2022 vs January-November 2021)
Nova Scotia's manufacturing shipments increased 8.4%. National shipments increased 18.9%.
Manufacturing shipments were up in all provinces except Newfoundland and Labrador. New Brunswick reported the fastest growth.
Nova Scotia's durable goods shipments increased 3.4%, while non-durable goods shipments increased 11.2%. In Halifax, durable goods shipments increased 1.6%, while non-durables increased 10.7%. Outside Halifax, durable goods shipments increased 5.4%, while non-durables increased 11.3%.
Trends
After reporting a large increased in May of 2022, Nova Scotia's seasonally adjusted manufacturing shipments have fallen back towards previous trends. Periodic spikes in Nova Scotia's shipments values are not uncommon. Throughout most of 2022, Nova Scotia's manufacturing shipments growth has lagged the national pace.
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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