Production industry in Canada is down parts
- Better prospects for 2014 -
After a strong year in 2012, the production of the Canadian manufacturing industry parts for motor vehicles will slow sharply this year. This is what provides for the Conference Board of Canada in its Profile of the Canadian industry was 2013.
"The industry of parts for motor vehicles are going to experience a marginal growth this year, says the director of industrial economic trends, Michael Burt. However, this slowdown should be of short duration. Indeed, sales of cars in the United States should find their level before the recession of next year, which will boost the production of parts over the next year. "
• Manufacturers of parts for motor vehicles should show pre-tax profits of $ 1.16 billion in 2013, more than 16 percent. 100 below the levels of 2012.
• Since 2002, Canadian manufacturers of pieces lost a considerable share of the U.S. market for the benefit of their Mexican counterparts.
• Next year, the production of parts for motor vehicles will grow by 5.5 per cent. 100, a strong recovery in comparison to the slow growth in 2013.
Increase the production of pieces of just 0.1 percent. 100 this year due to weak demand from automobile producers in late 2012 and early 2013. It is expected to grow by 5.5 per cent. 100 next year, thanks to strong growth in auto sales in the United States. However, the gradual displacement of the North-American vehicles assembly of Midwestern states and Ontario to the southern states and Mexico threatens the plants long-term growth of the sector.
This year, profit before tax of the industry decline of 16.5 percent. 100 to establish a $ 1.16 billion. However, they remain all the same well above their level before the recession.
Service profiles of Canadian industry is part of the research program of industrial economic trends Conference Board of Canada. It produces profiles for all 23 industries each year. The number of summer 2013 includes forecasts for manufacturing industries of aerospace products, furniture, spare parts for motor vehicles, paper, printing services and wood products.
Source: The Conference Board of Canada
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