Led by a strong year in the Canadian petroleum and coal product industry, Alberta’s annual manufacturing sales rose 13.6 per cent to $71.3 billion in 2017, according to a report released on Monday by Statistics Canada.
“The machinery industry, which supplies products to the oil and gas extraction sector, also posted strong growth in 2017,” said the federal agency.
In dollar value, sales jumped $8.5 billion in the province.
StatsCan said Canadian manufacturing sales increased by $36.4 billion or 5.9 per cent from 2016 to $648.9 billion in 2017.
“This was the largest increase since 2011, and it follows a 1.2 per cent rise in sales in 2016. The growth was led by the non-durable goods industries, particularly in the petroleum and coal products and the food manufacturing industries,” it said.
“Sales rose in every province and in 17 of 21 industries. The growth was partially offset by declines in sales from the transportation equipment manufacturing industry, especially motor vehicle manufacturing.”
Respected business writer Mario Toneguzzi is a veteran Calgary-based journalist who worked for 35 years for the Calgary Herald in various capacities, including 12 years as a senior business writer.
The views, opinions and positions expressed by columnists and contributors are the author’s alone. They do not inherently or expressly reflect the views, opinions and/or positions of our publication.