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2013 manufacturing year in review: Stats Can

Published by Frank Defalco on February 25, 2014

Ottawa – Statistics Canada released its year in review for 2013 today. Total manufacturing sales fell 0.5% to $591.0 billion following gains of 3.5% in 2012 and 8.0% in 2011. The decline in 2013 was a result of lower sales in 13 of 21 industries.

“Not manufacturing’s best year but with the recent decline in the Loonie manufacturers and exporters will see increase demand for their products,” explained Jayson Myers, CME President and CEO.  “With the increase in demand resulting from the strengthening housing markets in both the US and China, we are confident 2014 will see a renewed and stronger manufacturing sector.”

The decline in 2013 was primarily due to lower sales in metal down 6.7 per cent, petroleum and coal product down 2.2 per cent, fabricated metal product down 4.6 per cent and motor vehicle parts industries down 6.4 per cent.

Offsetting the declines were gains of 18.7 per cent in wood product sales, and 14.1 per cent in aerospace product and parts.

This past year has highlighted the need for governments to be more aggressive than ever in working with industry to ensure the business environment is right to attract investment, like continuing the Accelerated Capital Cost Allowance past its current limit of 2015.

To view the full report go to Statistics Canada

Canadian Manufacturers & Exporters (CME) is Canada’s largest trade and industry association, and the voice of manufacturing and global business in Canada.

The association represents more than 10,000 leading companies nationwide. As Canada's leading business network, CME – through various initiatives including the establishment of the Canadian Manufacturing Coalition – touches more than 100,000 companies from coast to coast, engaged in manufacturing, global business and service-related industries.

CME's membership network accounts for an estimated 82 per cent of Canadian manufacturing production and 90 per cent of goods and services exports.

 

Found in: Stats Canada news

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