New car sales, non-residential construction in Canada down in November
Friday, January 15, 2010 at 10:52AM Statistics Canada reports that new motor vehicle sales dropped 6.0% in November. Sales for all types of vehicles were down, especially North American-built passenger cars, which fell 9.1%. Sales for November totaled 124,764 units. The decrease comes after four months of growth in sales and puts November in line with the 123,000 monthly average for the rest of the year. The monthly average for 2008 was about 140,000.
The decrease was spread across the country, with Ontario experiencing the largest decline in numbers of new vehicles sold, at 5.8%.
Non-residential construction
Investment in non-residential construction (based on building permits for municipalities) also fell 2.5% from the previous quarter, to a total of $10.2 billion in the fourth quarter, reflecting a downward trend in spending on commercial and industrial construction. Toronto, Vancouver and Calgary experienced the biggest decline, thanks to declining commercial construction projects. Spending on institutional projects continued to increase, rising 3.3% from the third quarter to $3.5 billion, and up 20.2% over the same period in 2008. The largest declines were seen in Alberta and Ontario.
This marks the fourth consecutive quarterly decline in investment in commercial construction.
The decline in industrial construction was most marked in Alberta, where investment fell 18.7% to $174 million.
As a result of higher spending in mining and maintenance, Yukon and Nunavut posted increases in industrial construction.
Growth in institutional construction advanced for the eighth consecutive quarter as a result of higher investment in educational and health care buildings.
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