The manufacturing sector directly accounted for 6.1% of GDP and 7.2%
of total employment in the province in 2003. The major commodities
produced by the province’s manufacturers are food products (mostly
seafood), newsprint, refined petroleum products, fabricated metal
products, and primary metal products. The province’s manufacturers
also produce a wide variety of other commodities including: boats,
computer and electronic products, and concrete products.
The value of manufacturing shipments grew by 9.4% over its
year-earlier level in the first eight months of 2004 and is on track
to exceed $3 billion for the first time ever by year’s end. Growth
was broadly based with strong increases in the value of both durable
and non-durable goods. This strong growth was the result of higher
production levels combined with increased commodity prices. The
value of durable good shipments rose by 16.1%, mainly as a result of
increased development activity on the White Rose and Voisey’s Bay
projects. Non-durable good shipments, which account for the bulk of
manufacturing shipments, increased by 6.6% primarily as a result of
increases in the value of fish products and refined petroleum. |
| Manufacturing Employment, 2003 |
Food Manufacturing
Fish Processing
Wood Product Manufacturing
Paper Manufacturing
Petroleum Products Manufacturing
Transportation Equipment Manufacturing
Other Manufacturing
Total Manufacturing |
7,100
6,400
700
1,900
800
1,500
3,600
15,600 |
| Statistics Canada's Labour Force Survey |
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| Investment in Manufacturing
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i: Investment
Intentions
Statistics Canada; Economic Research and Analysis
Division, Department of Finance |
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Capital investment in the province’s manufacturing sector has exceeded
$100 million in every year since 1997 and this year it is expected to
approach $200 million with significant increases in both construction
and machinery and equipment expenditures. This solid performance is
primarily the result of high levels of investment in seafood, newsprint,
refined petroleum and wood product manufacturing. |
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