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Manufacturing sales take a break

Manufacturing sales take a break

Posted on: 10/17/2018 | Author: ATB Financial's Economics + Research Team

​​After three consecutive monthly increases, sales from Alberta’s factories took a break in August. The value of shipments from all manufacturers in Alberta was $6.6 billion (seasonally adjusted), representing nearly a one per cent drop from July.

Most of the decrease was the result of lower sales in petroleum and coal products (-3.5 per cent), electrical equipment, appliance and component (-24.6 per cent) and primary metal (-9.2 per cent) industries.

Despite the monthly drop in sales, shipments are well above where they were 12 months ago (+12 per cent). Stability in Alberta’s energy sector and higher production of petroleum products have largely driven growth in 2018. It’s not just energy related manufacturing that’s performing well. Most manufacturing sub-categories are in line with, or above, last year’s levels.

Even though sales took a break in August, it’s likely that sales of manufactured goods in Alberta will perform strongly for the remainder of the year. The momentum is almost certain to flow into next year, as well. Alberta’s economy is recovering well and the latest trade deals have brought certainty to this and Alberta’s other export-related industries.

New vehicle sales, graph

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