An employee at the Windsor Assembly plant builds a super module for the Chrysler Pacifica Hybrid, the industry’s first-ever electrified minivan.
Statistics Canada’s weekly tracking of real-time business activity in Business activity in the Windsor Census Metropolitan Area is booming, data from Statistics Canada reveals. The region has seen more than a doubling of business activity since last March.
In the latest data released Friday, the Windsor area was among the province’s five most robust CMAs along with London, St. Catharines, Kitchener and Kingston.
“This doesn’t surprise me at all as we’re seeing tons of activity and business opportunities out there,” Windsor-Essex Regional Chamber of Commerce CEO Rakesh Naidu to the Windsor Star. “Construction and manufacturing are the engines of our economy and are pushing this forward and will continue to do so. I expect the Windsor region will buck the trend of any slowdowns and continue to do better than other places in Canada.”
Statistics Canada’s real-time business conditions index is designed to capture the economic size of a region, operating conditions of businesses in that area and the level of business activity. The Windsor region’s ascendancy began soon after the March 23 announcement that LG and Stellantis were going to build a battery factor in Windsor.
The manufacturing and automation sectors have been busy, although they expect a bit of a pause in the pace of production in 2023.
“I’d say the parts manufacturers are solid, but those with projects for a year or two down the road have said they see a little softening,” said Laval Tool president Jonathon Azzopardi, a member of the board of the Canadian Association of Mold Makers, told the Windsor Star. Azzopardi said manufacturing, particularly in the automotive sector has become a lot more complicated as it goes through a massive transformation.
“If prospects were measured by opportunities, we’d be okay,” Azzopardi is quoted as saying in the Windsor Star. “If it’s measured by turning that into profitability, it’s more challenging.
For the full story in the Windsor Star, go to: Windsor region’s business activity has doubled since March | Windsor Star (ampproject.org)