Factory sales in Alberta falter in June
A drop in May's record-breaking wood product sales were the main reason for the decrease
By Rob Roach, ATB Economics 16 August 2021 1 min read
The seasonally adjusted value of shipments from Alberta factories went from $7.3 billion in May to $7.2 billion in June for a decrease of 1.4% and the first month-over-month contraction since April 2020.
Despite the pullback, total sales in June were 45.1% higher than the same month in 2020 and 14.5% higher than June 2019.
Lower wood product sales after a record-breaking May were the main reason for the decrease. The value of wood product shipments went from $948 million in May to $803 million in June for a drop of 15.4%.
Food products were at the other end of the continuum with sales up by $52 million or 3.2% in June compared to May.
Sales in the notoriously volatile oil refinery sector barely moved in June, down by just 0.04% or $569,000 out of total sales of $1.6 billion.
After falling in April and May, national manufacturing sales rose 2.1% to $59.2 billion in June.
Answer to the previous trivia question: The 13th day of the month falls on a Friday at least once every year but can do so up to a maximum of three times.
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