P.E.I. manufacturing has strong start in 2017
Prince Edward Island manufacturers are showing good sales results in 2017, after leading the country in growth in 2016.
Growth is mostly in durable goods
Prince Edward Island manufacturers are showing good sales results in 2017, after leading the country in growth in 2016.
- P.E.I. leads Canada in manufacturing sales growth
- P.E.I. manufacturing is growing, but what are Islanders making?
Statistics Canada released national manufacturing sales figures for May on Wednesday.
They show sales on P.E.I. increased 3.2 per cent in the first five months of the year, as compared to the first five months of 2016. That follows a 5.8 per cent increase in 2016 over 2015.
| Jan.- May 2016 | Jan.- May 2107 | % change | |
|---|---|---|---|
| Total manufacturing | $635M | $655.6M | 3.2% |
| Non-durable goods industries | $436.4M | $436.9M | 0.1% |
| Durable goods industries | $198.6M | $218.7M | 10.1% |
About two thirds of manufacturing on the Island is in the non-durable goods sector, such as food processing. That sector, however, was largely flat at the start of 2017. Durable goods manufacturing picked up the slack, growing 10.1 per cent.
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