Economic commentaries

Alberta's Manufacturing Industry is Recovering in 2017

October 10, 2017

Highlights:

Alberta’s manufacturing industry was in recession in 2015 and 2016 as a result of the dramatic drop in crude oil prices. Lower oil prices resulted in much lower selling prices of refinery products and caused oil and gas companies to drastically lower their capital spending which translated into reduced demand for machinery and equipment produced by Alberta’s industrial machinery and fabricated metals sectors. As Alberta is emerging from its recession this year so is its manufacturing industry.


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Jan Reurink
Economic Information and Statistics
Alberta Economic Development and Trade


Economic Trends by Alberta Treasury Board and Finance

The pace of economic growth has started to moderate

September 2017

Highlights:

While the province continues to recover from the recession, the pace of growth has started to moderate. Job gains have stalled after making significant headway in the first half of the year, but retail sales and residential construction continue to improve. Activity in conventional oil and gas remains solid; however, lower oil prices and production outages earlier in the spring are weighing on the value of goods exports and manufacturing shipments. This month’s InFocus looks at Alberta’s interprovincial trade flows using the latest available data from 2013.


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