Canadian manufacturing sales increased 1 per cent from April to March, as sales of transportation equipment and food sales flourished. Overall, sales were higher in 16 of 21 manufacturing sub-sectors, reflecting broad-based strength in the Canadian economy.
The BC manufacturing sector continued to be a significant driver of provincial growth in March, posting a 2.9 per cent increase in sales, led by a 10.5 per cent jump in wood products. On a year-over-year basis, total manufacturing sales were up 4.7 per cent. While manufacturing has been one of the stand-out sectors in the BC economy since last summer, headwinds from US trade policy, particularly new tariffs on softwood lumber, could take the air of the sectors in coming months.
Copyright British Columbia Real Estate Association. Reprinted with permission.