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Dashboard of Economic Indicators

Canadian Manufacturing Production

Manufacturing Sector

  • Peel’s manufacturing sector represents an important part of the Canadian manufacturing sector, and therefore, in the absence of Peel specific quarterly data on output, changes in the output of the Canadian manufacturing sectors offer some indication of likely changes in Peel.
  • The indicators tracked/monitored are quarterly changes in manufacturing employment in Peel’s labour market and monthly changes in Canadian manufacturing Gross Domestic Product (GDP).
  • Given that Peel-specific labour market data for the manufacturing sector is now available, the inclusion of sales/shipment of Canadian and Ontario manufactured goods as an indicator of changes in Peel’s manufacturing sector, has been discontinued.
  • Changes in tracked indicators are intended to provide a broad understanding of changes in broad manufacturing activities as well as likely changes in Peel.

Manufacturing employment in Peel’s labour market

  • In the first quarter of 2018, changes in the quarterly average manufacturing employment in Peel’s labour market were negative.
  • When compared with the first quarter of 2017, quarterly average manufacturing employment fell by 26.7 per cent or 35,500 positions to 97.500 positions.
  • This was the first time in three years that manufacturing employment in Peel’s labour market fell below 100,000 positions.
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Data Source – STATSCAN
  • In the second quarter of 2018, quarterly average manufacturing employment in Peel’s labour market also fell.
  • At 98,600 positions, it was 18.2 per cent (or 21,900 positions) lower than that recorded in the second quarter of 2017.
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Data source – STATSCAN

  • As the largest sectoral employer in the goods producing sector, lower quarterly average manufacturing employment in the first two quarters of 2018 influenced declines in the quarterly average employment in the goods producing sector as follows:
    • January – March 2018: down 13.9 per cent or by 24,100 positions; and
    • April – June 2018: down 3.9 per cent or by 6,600 positions.
  • In the second quarter of 2018, quarterly average employment in the goods producing sector stood at 160,000 positions.

Canadian Manufacturing Gross Domestic Product (GDP)

  • In the first quarter of 2018, the monthly changes in Canadian manufacturing GDP fluctuated from a low of -0.3 per cent in January to a high of 0.2 per cent in February.
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Data source – STATSCAN
  • In March, there was a growth of 0.1 per cent to help the sector to register a growth of 0.4 per cent for the January – March quarter of 2018.
  • Quarterly growth was achieved as the GDP of the durable manufacturing sub-sector grew by 1.2 per cent to outweigh a 0.7 per cent decline in non-durable manufacturing.
  • The quarterly growth achieved in the first quarter of 2018 extended the positive quarterly changes in Canadian manufacturing GDP to eight consecutive quarters.
  • The strengthening of global economic growth particularly in the United States (US), Canada’s major trading partner, was an important contributor to the growth observed in the highly trade oriented Canadian manufacturing sector.