Saskatchewan’s manufacturing sector started the new year with a flourish.
Revenues for this part of the economy were ramping up quite noticeably as factories rolled into 2021. Total sales rose by 4.5% for the month when compared to December. When you extrapolate that over a year, this is quite robust and stood among the best performers in the country.
When compared to the same time a year ago – before the pandemic was upon us – players in this segment posted revenue figures that are up by 10%. Only BC did better and this 10-point jump compares to gains of only one-percent for the entire country.
One element helping advance the numbers is agriculture. As a prime supplier of dryland farming technology, Saskatchewan manufacturers benefit when global farming trends move in our favor. And crop production seems to be finding its stride these days with global demand pushing up prices and, in some cases, pushing them up dramatically.