MARCH - APRIL 2010 EDITION | Back issues
ABOUT CME ECONOMIC PULSE
CME President & CEO Jayson Myers, recognized as Canada’s most accurate forecaster, provides strategic intelligence on the recent manufacturing and exporting trends that impact you.
IN THIS ISSUE
CME's Manufacturing Index indicates the strength of Canada’s most important business sector. It is calculated as the difference between the per cent of manufacturers whose business is expanding versus those that report declining orders in CME’s monthly Business Conditions Survey.
The current dollar value of goods sold by Canadian manufacturers rose 0.1 percent in Novemberto $42.6 billion. However, sales for the month were down 10 percent on a year-over-year basis. Adjusting for price changes, sales volume fell 0.8 percent in November and is down 23 percent since peaking in December 2006.
In November the greatest year-over-year declines in manufacturing sales occurred in Ontario and the western provinces. Sales increased in New Brunswick and PEI.
Sales of food and petroleum products have increased over the past year, while sales in all other manufacturing sectors have fallen. The steepest declines have been in the primary and fabricated metals and machinery industries.
The value of goods exported from Canada in November was down eight percent from a year earlier while imports were off by 9.1 percent. The steepest declines in our export trade over the past year have come in Europe and Japan and in forestry and machinery and equipment sectors.
