The month of October saw a bit of slowing in the manufacturing sector.
This was the story pretty much across Canada and Saskatchewan was tracking with the national trend. We saw a decline of less than one per cent in total sales volumes for manufacturers in October compared to September.
But this still remains an important segment of the economy with monthly revenues in excess of $1.3 billion, we are nearly 10 per cent ahead of where we were at this time a year ago. And that growth is stronger than the national average which is roughly half of what we’re seeing.
The bright spots in the month were petroleum products and food so these play fairly well in our part of the country.
We’re also seeing a noticeable increase in demand in sectors such as metals. We have both a steel plant and fabricators so this is probably where some of the strength comes from. That demand has prompted plants to gear up, adding to their inventory as well as meeting the demand from new orders.