Shipments from Canadian factories in August declined slightly from their highest level in 2006. With commodity prices falling the volume of goods shipped actually increased in August.
Canadian manufacturers shipped goods worth $49.8 billion, down 0.3 percent from July. However, if price declines were taken into account, the overall volume of shipments actually increased 0.5 percent to $45.0 billion.
Constant dollar shipments (taking price fluctuations into account) in August 2006 were 2.3 percent lower than they were in August last year, and declined 0.4 percent when comparing the first eight months of 2006 to the same period in 2005.
Shipments decreased in 12 of 21 manufacturing industries in August.
Durable goods industries (wood products, non-metallic mineral products, primary metals, fabricated metal products, machinery, computer and electronic products, electrical equipment, appliances and components, transportation equipment, furniture and related products and miscellaneous manufacturing) shipments fell by 1.0 percent to $26.4 billion, with the transportation sector declining for a second month.
Non-durable goods industries (Food, beverage and tobacco products, textile mills, textile product mills, clothing, leather and allied products, paper, printing and related support activities, petroleum and coal products, chemicals, and plastics and rubber products) increased by 0.6 percent to $23.4 billion, thanks to increases in paper, chemicals and food manufacturing.
These increases were tempered some by lower shipments from the petroleum industry.
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