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Jayson Myers
1. Manufacturing profile: value added
Canada has a highly diversified manufacturing base. In the first quarter of 2006, manufacturing accounted for approximately 16% of total economic activity. In terms of value added, the three biggest are food and beverage products, automotive products and chemicals—each accounting for 9% or more of total production.
2. & 3. Production volume
Following a sharp recovery in 2003 and 2004, total manufacturing output has risen by just 1% over the past two years.
4. Change in production volumes
Production volumes rose by 0.2% between April 2005 and April 2006. The strongest increases were in machinery and equipment and aerospace products, while the sharpest declines were in furniture, beverage and tobacco products, textiles, paper and refined petroleum products.
5 & 6. Selling prices
Manufacturers' selling prices increased on average by 2.5% between May 2005 and May 2006. Most of the price gains were in materials processing industries such as primary metals and refined petroleum products. Prices fell sharply in the transportation equipment, machinery, electrical and electronic products, and wood products sectors.
Trends information is provided by Plant, Canada’s Industrial Newspaper. Source: Jayson Myers, chief economist with Canadian Manufacturers & Exporters. Purchasing b2b and Plant are both
published by Rogers Media.
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