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Manufacturing Sales
– Canada – December
2016
By: Paul Young, CPA, CGA
Agenda
• Summary
• Key Sector / Growth Analysis – 2016 -vs- 2015
• Key Sector Year over Year comparison
• Wages/Employment/Sales
• Sales per day by key segment
• Sales by Province
Summary
Source – Stats Canada
Manufacturing sales increased for the second consecutive month, up 2.3% to $53.5 billion in December, following
a revised increase of 2.3% in November. The growth was mainly the result of higher sales of transportation
equipment, as well as petroleum and coal products.
Overall, sales were up in 8 of 21 industries, representing 41% of the manufacturing sector. Sales of durable
goods rose 2.4%, while sales of non-durable goods increased 2.1%.
In constant dollars, sales were up 2.3%, indicating that higher volumes of manufactured goods were sold in
December.
Highlight by Sector
Source – Stats Canada
High Growth Areas
Slow Growth Areas
Summary by Segment
Source – Stats Canada
Sales per Day/Manufacturing
Source – Stats Canada
Manufacturing Jobs
Source – Stats Canada
Comment:
• Manufacturing sales were basically flat between 2016 and 2015
• Employment is down by 57K which means MFG focused on cost reduction including head count
• Manufacturers wages are virtually flat with December 2015. Cost pressures like hydro rates could have
forced companies to make other cuts as part of managing their results
Provincial MFG Sales / December 2016
Source – Stats Canada
Areas of Growth:
• Transportation
Equipment
• Food Processing
(Seafood, Grains, fruits,
vegetables and meats)
• Aerospace (engines, gear
boxes, etc.)

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Canada Manufacturing Sales growth for second consecutive month in December 2016

  • 1. Manufacturing Sales – Canada – December 2016 By: Paul Young, CPA, CGA
  • 2. Agenda • Summary • Key Sector / Growth Analysis – 2016 -vs- 2015 • Key Sector Year over Year comparison • Wages/Employment/Sales • Sales per day by key segment • Sales by Province
  • 3. Summary Source – Stats Canada Manufacturing sales increased for the second consecutive month, up 2.3% to $53.5 billion in December, following a revised increase of 2.3% in November. The growth was mainly the result of higher sales of transportation equipment, as well as petroleum and coal products. Overall, sales were up in 8 of 21 industries, representing 41% of the manufacturing sector. Sales of durable goods rose 2.4%, while sales of non-durable goods increased 2.1%. In constant dollars, sales were up 2.3%, indicating that higher volumes of manufactured goods were sold in December.
  • 4. Highlight by Sector Source – Stats Canada High Growth Areas Slow Growth Areas
  • 5. Summary by Segment Source – Stats Canada
  • 7. Manufacturing Jobs Source – Stats Canada Comment: • Manufacturing sales were basically flat between 2016 and 2015 • Employment is down by 57K which means MFG focused on cost reduction including head count • Manufacturers wages are virtually flat with December 2015. Cost pressures like hydro rates could have forced companies to make other cuts as part of managing their results
  • 8. Provincial MFG Sales / December 2016 Source – Stats Canada Areas of Growth: • Transportation Equipment • Food Processing (Seafood, Grains, fruits, vegetables and meats) • Aerospace (engines, gear boxes, etc.)