Hey there, time traveller!
This article was published 17/7/2014 (801 days ago), so information in it may no longer be current.
Investment in non-residential construction projects declined modestly in the second quarter of this year in Manitoba, new Statistics Canada figures show.
The agency said $393 million was invested in commercial, industrial and institutional building projects during the quarter.
That was down 1.6 per cent from the province’s first-quarter total of $399 million, although it was still a 6.4 per cent improvement from the $369 million spend in the second quarter of 2013.
The decline, which was the second consecutive quarterly decline, was due to a dropoff in spending on industrial and institutional projects. Spending there was off by 11.6 per cent and 0.4 per cent respectively.
Those declines were partially offset by a 0.8 per cent increase in spending on commercial projects, the agency added.
Investment was also down for the second consecutive quarter at the national level. A total of $12.8 billion was spent in Q2, which was a 0.5 per cent decline from the $12.9 billion spent in the previous quarter.
However, the second-quarter total was still a three per cent improvement from a year earlier.