The manufacturing sector in Saskatchewan has been riding the crest of a big wave in the last couple years as demand for everything from energy to farm machinery has been rising.
This sector has continued to see demand grow even in the face of rising inflation, global unrest and supply chain interruptions.
Some new numbers on the performance of manufacturers across Canada draws real attention to how well Saskatchewan has been doing in this sector.
Inflationary pressure has begun to subside in some areas – fuel is a good example – which is leading to a softening of prices for some things. This, in turn, lowers manufacturing numbers because they are based on sales revenue. Lower prices tend to produce weaker top line figures.
But not in Saskatchewan. Even with oil price declines, manufacturers here saw a 4.5 per cent increase in total revenues in July when most of the country was posting declines. Only New Brunswick topped our performance culminated a 12-month stretch where overall Saskatchewan manufacturing sales rose 27 per cent, again second highest in the nation.
