indicatorThe Owl

Alberta manufacturers made up some ground in September

There is, however, still a lot of catching up to do with year-over-year sales in the province down by 11.6 per cent

By ATB Economics 17 November 2020 less than a minute

After contracting by 0.8 per cent in August, seasonally adjusted manufacturing sales in Alberta increased by 3.9 per cent in September.

The rally was led by chemicals (up 12.3 per cent on a monthly basis or $112.5 million) and wood products (up 13.9 per cent or $55.0 million).

Only 4 of 16 of the major sub-sectors lost ground in September.

Alberta led the country in September followed by Ontario and New Brunswick with sales up by 1.5 per cent in the country as a whole.

There is, however, still a lot of catching up to do with year-over-year sales in the province down by 11.6 per cent ($713.7 million) and year-to-date sales down by 16.7 per cent ($9.7 billion).

How the second wave of the virus will affect manufacturing is not known, but we can assume some downward pressure until the economic disruption dissipates.

Manufacturing sales in Alberta increased by 3.9 per cent in September

Manufacturing sales in Alberta increased by 3.9 per cent in September


Economics News

Subscribe and get a quick daily snapshot of what’s happening in Alberta’s economy

Need help?

Our Client Care team will be happy to assist.

ATB Virtual Assistant
The ATB Virtual Assistant doesn't support landscape mode. Please tilt your device vertically to portrait mode.
×