18 April 2010

NL manufacturing nosedived in February

Manufacturing sales in Newfoundland and Labrador dropped almost 40% in February 2010 compared to February 2009, according to figures released by Statistics Canada on April 16.

Manufacturing in February was down 33% from the previous month.  No other province registered double-digit drops.

By contrast, manufacturing sector sales were up 6.4% nationally. New Brunswick registered a 26% increase in manufacturing year over year while Ontario was up 10%.