Manufacturing shipments continue to rise
Ottawa, ON -- Manufacturing shipments increased 1.9% to $51.4 billion in June 2006, the highest level since January...
Ottawa, ON — Manufacturing shipments increased 1.9% to $51.4 billion in June 2006, the highest level since January 2006, according to the latest Monthly Survey of Manufacturing from Statistics Canada. And while the trend for manufacturing is positive, shipments have been consistently in the $50 billion to $52 billion a month range for the past two years.
The manufacturing sector has managed to maintain this level of shipments despite of the challenges of a rising Canadian dollar and increased global competition. Over the second quarter, shipments were down 0.4% from the first quarter but up 0.6% compared to the same period in 2005. Controlling for price fluctuations, total shipments increased by 0.7% in June.
Gains were posted in 13 of 21 manufacturing industries in June, accounting for 80% of total shipments. Durable goods shipments increased by 1.1% to $28.8 billion, thanks to quarter end shipments of computer and electronic equipment, which rose 5.4% to $1.8 billion.