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Manufacturing momentum continues

Manufacturing momentum continues

Posted on: 2/16/2018 | Author: ATB Financial's Economics + Research Team

​​For six consecutive months, sales from Alberta factories and shop floors have continued to grow, suggesting that Alberta’s manufacturers are back to business. In December of last year, total manufacturing shipments grew 1.2 per cent from November and reached $6.2 billion, the highest total of 2017. Compared to one year earlier, shipments were up more than 11 per cent.

From November, increases were recorded in almost all of manufacturing’s sub-sectors, but primary metal manufacturing led the charge with shipments in this category growing close to 15 per cent over the month. Other notable sales gains were recorded paper manufacturing (+7.5 per cent), plastics and rubber manufacturing (+4.3 per cent) as well as paper manufacturing (+3.9 per cent). Shipments of petroleum and coal products also grew impressively to end out the year as well (+3.9 per cent).

Manufacturing as a whole is starting the new year on firm ground. Shipments in almost every sub-sector of manufacturing are above where they were a year ago, a sign that Alberta’s manufacturing sector is gaining momentum after two years of recession. Manufactured machinery shipments, for example, were up 59 per cent from last year.

As economic conditions continue to improve and as other sectors in the province start to grow at the same rate as manufacturing, manufacturing itself will continue to progress and help lift economic growth in Alberta.

Alberta manufacturing shipments, graph​ ​ ​

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