Durable products manufacturing led the way in JanuaryClick image to enlargeReal gross domestic product (GDP) rose 0.7 per cent in January, following 0.1 per cent growth in December, according to Statistics Canada.

This ninth consecutive monthly increase offset the steepest drops on record in Canadian economic activity observed in March and April 2020, however total economic activity was about 3 per cent below the February level before the COVID-19 pandemic.

Manufacturing increases

The manufacturing sector expanded 1.9 per cent in January, offsetting its 0.7 per cent contraction in December. Increases in sales and inventory contributed to higher production.

Durable manufacturing was up 2.9 per cent, the largest growth rate since August 2020, with increases across all subsectors. Leading the growth were fabricated metal product (+4.7 per cent) and machinery (+4.4 per cent) manufacturing. Wood product manufacturing rose 4.1 per cent. The transportation equipment manufacturing subsector was unchanged (0.0 per cent) in January as a 10.7 per cent decline in the motor vehicle manufacturing industry was fully offset by gains in all the other industries within the subsector. Electrical equipment, appliance and component manufacturing contracted 6.6 per cent.

Non-durable manufacturing increased 0.7 per cent, its fourth increase in five months. Plastics and rubber products (+8.7 per cent) led the way, with growth in chemical (+0.8 per cent), and food (+0.4 per cent) manufacturing, while paper manufacturing (-2.7 per cent), printing and related support activities (-5.4 per cent), and petroleum and coal product manufacturing (-1.8 per cent) declined.

 

Wholesale trade grows

Wholesale trade was up 3.9 per cent in January, more than offsetting a 1.5 per cent contraction in December. Eight of nine subsectors contributed to the growth, led by machinery, equipment and supplies wholesaling (+8.2 per cent), as higher imports of all types of machinery contributed to increases in the subsector.

 

Mining, quarrying, and oil and gas extraction continues growing

The mining, quarrying, and oil and gas extraction sector grew 2.7 per cent in January, a fifth consecutive monthly increase, as all three subsectors expanded.

Oil sands extraction grew 2.7 per cent as production increases continue. Oil and gas extraction (except oil sands) rose 1.3 per cent as both oil extraction and natural gas extraction were up. Support activities for mining, and oil and gas extraction grew 5.1 per cent, led by higher drilling and rigging services.

The mining and quarrying (except oil and gas) subsector was up for a third month in a row, rising 3 per cent in January, as most of the mining industries increased. Metal ore mining rose 5 per cent, as iron ore (+13.1 per cent) and copper, nickel, lead and zinc ore (+4.4 per cent) mining increased, driven by higher international demand for these commodities. Non-metallic mineral mining and quarrying contracted 2.0 per cent, mainly as a result of a decline in potash mining (-6.6 per cent). Coal mining grew 5.0 per cent, up for an eighth consecutive month.

Voestalpine additive manufacturing centre achieves ISO 9001 certification

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Tool market back to pre-pandemic levels

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Lincoln Electric recognized for ISO energy initiatives

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Canadian light vehicle sales slump in May

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GM caps off a huge year for Canadian auto investment

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ABB, Fronius to develop robotic welding systems

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Financial impact from COVID-19 could last 9 months: survey

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Titanium products market to boom by 2020

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COVID-19 cut exports 4.7 per cent, says Statistics Canada

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Newly merged Dormer Pramet launches website

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KPU welding instructor awarded for teaching excellence

Al Azadwinder Singh Sumal, a welding instructor at Kwantlen Polytechnic University (KPU), has been named the 2018 Howard E. Adkins Memorial Instructor Membership Award recipient by the American Welding Society.

New head for Sandvik Coromant

Nadine Crauwels is the new president of Sandvik Coromant. She  has more than 22 years of experience in the manufacturing industry and most previously worked as VP and head of customized solutions and strategic relations for Sandvik Coromant.

Manufacturing Day improves industry profile: survey

Manufacturing Day 2015 events across North American have helped to improve the perception of industry among the public, according to a Deloitte survey.

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