P.E.I. manufacturing numbers leveling off
After consistent increases growth has slowed
Provincial manufacturing numbers are leveling off, according to a report released by Statistics Canada on Thursday.
The report shows a possible end to five years of consistent increases in manufacturing sales.
| Quarterly Period | Manufacturing sales |
|---|---|
| Dec. 2015-Feb.2016 | $402,018,000 |
| March 2016-May 2016 | $412,302,000 |
| June 2016-Aug.2016 | $427,136,000 |
| Sept. 2016-Nov.2016 | $431,176,000 |
| Dec. 2016-Feb.2017 | $424,584,000 |
Looking at three-month intervals between Dec.2015 and Feb.2017 it appears growth in the sector has slowed. A steady rise through much of 2016 has appeared to reach a plateau.
Sales grew 3.6 per cent between the three-month interval ending in May 2016 and the three-month interval ending in August 2016.
The data from the three-month period ending in February 2017 showed a decrease of 1.53 per cent from the three-month period ending in November 2016.
Between 2012 and 2016 manufacturing sales increased 32 per cent in the province.
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