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Manufacturing helps Alberta's economic recovery

Manufacturing helps Alberta's economic recovery

Posted on: 10/18/2017 | Author: ATB Financial's Economics + Research Team

After two months of declines, sales from Alberta factory floors were up 1.2 per cent to $5.8 billion in August. That total was enough to bring shipments up nine per cent from where they were a year ago.

Although increases were recorded in 13 of the 21 manufacturing industries, petroleum and coal products (+4.4 per cent), fabricated metal products (+6.9 per cent) and the primary metal manufacturing industries were responsible for sales gains in Alberta in August. Machinery was up 3.1 per cent. Sales from these industries are well above from where they were at the same time last year as well. Seeing as these industries are important for Alberta’s energy sector, this is a sign that shows Alberta’s energy sector is gaining a bit of strength after a rough couple of years.

There were also advances made in other sectors from July to August. Sales from Alberta’s plastics and rubber manufacturers grew 3.7 per cent and non-metallic mineral product manufacturing jumped up 2.5 per cent over the month.

After two tough years, the latest report shows that manufacturing continues to find its groove. Almost all of the manufacturing industries are above where they were a year ago. So, as economic conditions improve and as Alberta’s energy sector continues to progress, manufacturing will continue to help with the province’s economic recovery.

Alberta manufacturing shipments, graph?

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