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Business Watch
Shipments rise in July
MANUFACTURING shipments in Manitoba increased for the third consecutive month in July, according to preliminary figures issued Friday.
Statistics Canada said the province's factories shipped $1.33 billion worth of goods during the month. It was a rise of 0.7 per cent from June's total of $1.32 billion and followed a revised 2.5 per cent gain in June and a 1.6 per cent increase in May.
The gains left shipments running two per cent ahead of last year's pace after the first eight months of 2012 -- $9.07 billion versus $8.89 billion.
The agency said Manitoba was one of only five provinces to see stronger manufacturing output. Its increase was third-highest among the five. New Brunswick led the way with a 6.8-per-cent gain.
Statistics Canada said Manitoba's July total was also a 3.4 per cent improvement from a year earlier when $1.86 billion worth of goods wasshipped.
Nationally, manufacturing sales fell for the third time in five months, declining 1.5 per cent to $48.3 billion.
The agency said declines in production of transportation equipment, including aerospace products and motor vehicles, were largely responsible for the overall drop.
Ukraine airs port, rail plan
WASHINGTON -- Ukraine will offer concessions to help revamp its Black Sea ports and will restructure passenger rail services that contribute to $1 billion of annual losses for the industry, according to the country's deputy prime minister.
Borys Kolesnikov, who is also infrastructure minister, met executives from companies including Royal Caribbean Cruises in the United States this week to discuss the port concessions, which may be allocated through tenders during the next two years. The plan will allow improvement work to be carried out while preserving state control, he said in an interview.
-- staff / news services
Republished from the Winnipeg Free Press print edition September 15, 2012 B9
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