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Manufacturing shipments reach highest level seen in 2017

Manufacturing shipments reach highest level seen in 2017

Posted on: 1/19/2018 | Author: ATB Financial's Economics + Research Team

​​In November, sales from Alberta factory and shop floors reached the highest level seen in 2017. Total manufacturing shipments grew 1.2 per cent from October and reached $6.1 billion. Compared to one year earlier, shipments were up more than 10 per cent.

Over the course of the month, increases were recorded in about half of the manufacturing sub-sectors, but transportation equipment manufacturing led the charge. Shipments in this category grew close to nine per cent. Other big movers included chemical manufacturing (+7.6 per cent), plastics and rubber manufacturing (+4.3 per cent) as well as paper manufacturing (+3.9 per cent).

Many of the vital manufacturing sub-sectors to Alberta’s energy sector were down from October to November; however, sales from these industries are significantly higher from where they were at the same time last year. This is a sign that Alberta’s energy sector is gaining strength after the recession.

As Alberta steps into 2018, manufacturing is starting the new year on solid footing. Virtually every single sub-sector of manufacturing is above where it was a year ago. As economic conditions improve, manufacturing will continue to grow and help with the province’s economic recovery.​

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