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Manitoba sees drop in non-residential construction

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Manitoba was one of five provinces to see a drop in spending on non-residential construction projects in the first quarter of 2014, Statistics Canada figures show.

The agency said $398 million was spent on commercial, industrial and institutional (government) projects during the quarter. That was a decline of one per cent from the $401 million spent in the final quarter of 2013, although it was still a 7.1 per cent improvement over the $371 million spent in the first three months of last year.

Two of the three non-residential categories saw declines. Sending on commercial projects was down 1.5 per cent, while investment in institutional projects was off by 1.6 per cent. Spending on industrial projects, on the other hand, was up 2.1 per cent.

The first-quarter decline followed two consecutive quarterly increases in spending in Manitoba.

It was a similar story at the national level, where investment in non-residential building construction was down 0.6 per cent from the previous quarter after two consecutive quarterly gains.

Statistics Canada said $12.9 billion was invested in projects across the country during the quarter, compared with $13 billion in the same period in 2013. But the first quarter total was still a 0.7 per cent improvement from a year earlier.

 

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