Publications

Alberta’s manufacturing industry is recovering in 2017

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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... More ≫

Description

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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Alberta’s oil and gas supply chain industry [2016]

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Weak oil prices and reduced investment by oil and gas companies is also impacting companies that supply machinery and equipment to the oil and gas sector and to construction firms that are working... More ≫

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Weak oil prices and reduced investment by oil and gas companies is also impacting companies that supply machinery and equipment to the oil and gas sector and to construction firms that are working on oil and gas investment projects. The three sectors that make up the Oil and Gas Supply Chain industry--industrial machinery, primary metals and fabricated metals--have seen their sales fall sharply because of much lower capital investment by the oil and gas sector.

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How are low oil prices affecting Alberta’s manufacturing industry?

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Revenues in Alberta’s manufacturing industry were on a downward trend in 2015. Most of this decline can be traced back to those manufacturing sectors that are closely tied to the oil and gas... More ≫

Description

Revenues in Alberta’s manufacturing industry were on a downward trend in 2015. Most of this decline can be traced back to those manufacturing sectors that are closely tied to the oil and gas sector. Sharply lower sales in manufacturing’s largest sector, refined petroleum products, are especially impacting overall manufacturing revenues, but sectors that provide oil and gas field machinery and equipment have also been hurt.

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