indicatorThe Owl

Manufacturing sales rise for second month in a row

The improvement in June was led by gasoline and other petroleum product sales with higher prices at the pumps helping to boost sales in June by $135 million

By ATB Economics 14 August 2020 1 min read

The trajectory of Alberta’s manufacturing sector is exhibiting the same growing-again-but-still-playing-catch-up pattern at work in other parts of the economy.

After large drops in March (-10 per cent) and April (-19 per cent), the seasonally adjusted value of shipments from Alberta’s factories rose in May (+4 per cent) and June (+5 per cent).

Sales were, however, still down by 22 per cent compared to February when the economic effects of COVID-19 were not yet a factor.

Using February’s sales as a benchmark, the accumulated loss in sales over the March to June period was about $5.1 billion.

The improvement in June was led by gasoline and other petroleum product sales with higher prices at the pumps helping to boost sales in June by $135 million (+18 per cent). Food manufacturing also posted a large gain in June with sales up by $114 million (+10 per cent).

Subsectors that lost ground in June include machinery manufacturing, which was down by $55 million (-17 per cent) and paper manufacturing, which was down by $15 million (-10 per cent).

Nationally, sales in June rose by 21 per cent to reach $48.7 billion, but were still 13 per cent (-7.4 billion) below their pre-pandemic level in February.

Using February’s sales as a benchmark, the accumulated loss in sales over the March to June period was about $5.1 billion

Using February’s sales as a benchmark, the accumulated loss in sales over the March to June period was about $5.1 billion


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.
×