OTTAWA, Ont. — In contrast to Canada’s decline in shipments, manufacturers in the United States are in the midst of an economic recovery.
Shipments rose 0.7% in October, the fifth increase in the last six months. Year-to-date shipments for 2003 were 2.1% above shipments in the same period of 2002. This compared with a 0.9% decrease in Canada over the same period.
The computer and electronic products industry (+2.6%) led the US durable goods sector in October and were at their highest level since April 2001. In addition, US unfilled orders jumped 1.6%, the eighth increase in the last nine months. Again, the computer industry led all industries in orders.
“Time will tell if the robust recovery of the US manufacturing sector and of the economy in general will translate into increased production for their Canadian counterparts. The appreciated dollar will continue to challenge Canada’s competitiveness in manufacturing,” Statistics Canada commented in its Daily Bulletin on statistical trends
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