Forgot your account information?  |  Create a CME account

Manufacturing numbers lower as GDP slips

Published by Steve Coleman on April 30, 2012

Manufacturing wasn't immune to a February slowdown in gross domestic product.

Temporary mine closures and factory shutdowns helped slow the Canadian economy 0.2 per cent in February.

Decreases in mining and oil and gas extraction, manufacturing, utilities as well as forestry and logging turned out to be more than higher construction numbers could compensate for. In service-producing industries, gains in wholesale trade and in the finance and insurance sector outweighed declines in retail trade and in the transportation and warehousing sector.

After five-straight months of improvements, manufacturing numbers fell 1.2 per cent in February.
Food, chemical and plastic and rubber products led the decline in the non-durable goods category's 1.4 per cent reduction. Durable goods were 0.9 per cent lower as less transportation equipment and primary metal manufacturing changed hands. Both non-metallic mineral products and machinery manufacturing posted gains for the month.

Found in: news

National Office

Alberta British Columbia
Manitoba New Brunswick
Newfoundland & Labrador Nova Scotia
Ontario Québec
Prince Edward Island Saskatchewan