Released on February 14, 2014
Saskatchewan’s manufacturers had a banner December, rounding out 2013 with impressive sales numbers and setting a new annual record in doing so.On a seasonally-adjusted basis, manufacturing sales in Saskatchewan increased by 5.2 per cent in December 2013 compared to November 2013, ranking Saskatchewan second in percentage change among the provinces.
In December 2013, compared to December 2012, Saskatchewan’s manufacturing shipments were up by 8.0 per cent (seasonally-adjusted), good for a second-place ranking in percentage growth among the provinces.
“The strength of Saskatchewan’s manufacturing sector is a key indicator of the strength and prosperity of our provincial economy,” Economy Minister Bill Boyd said. “We have seen a lot of activity in this sector throughout 2013 and that is linked entirely to the high demand for the quality products that our manufacturers are producing and shipping into markets around the world.”
The total value of Saskatchewan’s manufacturing shipments for 2013 was approximately $15.2 billion, a new record for the province and up from roughly $14.2 billion the year before.
“Manufacturing in Saskatchewan is a multi-billion dollar industry, a major contributor to our GDP, and a primary employer of more than 27,000 hard working men and women,” Boyd said. “The success of this sector and the momentum that these solid December numbers has generated will spill into 2014 and beyond.”
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For more information, contact:
Jamie Shanks
Economy
Regina
Phone: 306-787-4765
Email: jamie.shanks@gov.sk.ca