Comment 83372

By Mal (anonymous) | Posted December 03, 2012 at 08:19:14 in reply to Comment 79788

Apparently it takes an act of G*d to shift the needle:

"Auto manufacturing output in Canada has trended
level for the last fi ve months, but is well ahead of last year’s production. Real gross domestic product (GDP) of the motor vehicle manufacturing sector totaled $19.6 billion in September at a seasonally adjusted-annual rate(SAAR), virtually unchanged from August, but up 15% from September last year. Even so, output remains well below pre-recession levels. The vast majority of Canada’s auto-related manufacturing is located in Ontario.

Auto sector manufacturing will rise roughly 14% this
year following depressed production in 2011 due to the
Japanese tsunami. Production in 2013 and beyond will be more closely aligned with sales. The recovery in U.S. new vehicle sales will slow in 2013 and 2014, following a good cyclical bounce since the recession. Sales are forecast to increase, but at a slower pace."

http://www.central1.com/publications/economics/pdf/briefing/current%20ONT.pdf

Permalink | Context

Events Calendar

Recent Articles

Article Archives

Blog Archives

Site Tools

Feeds