Released on August 16, 2012
Saskatchewan's manufacturing industry led the nation in month-over-month growth according to a new report released today by Statistics Canada.
Manufacturing shipments in the province were up by 8.0 per cent between May 2012 and June 2012, the highest percentage among the provinces and well ahead of the 0.4 per cent decline posted on a national basis. The 8.0 per cent increase was the highest since May 2011.
"Products from Saskatchewan are in demand by customers around the globe which helps to create jobs and economic opportunities right here," Economy Minister Bill Boyd said. "This is an important sector of our economy that is thriving and has great domestic and export demand."
On an annual basis, manufacturing shipments jumped by 14.5 per cent, the second highest increase in Canada and well ahead of the 6.9 per cent national average. Manufacturing shipments in June totalled $1.22 billion, the highest ever for the month of June.
"Saskatchewan continues to be an economic leader in Canada," Boyd said. "We are working hard to make sure that the business environment in our province is competitive, and that major sectors like manufacturing continue to have a positive outlook in both the short and long term."
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For more information, contact:
Deb Young
Economy
Regina
Phone: 306-787-6315