BC Stats Infoline
Edition: June 4, 2018
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Economy
Minister’s statement on trade mission
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Minister’s statement on trade mission
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Premier's statement marking one year since the Tk'emlúps te Secwépemc’s residential school findings
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Infoline Highlights: Coverage for the week of May 28 - June 1
Bankruptcies - In March 2018, there was a decline of 23.9% in overall bankruptcies in British Columbia compared to March 2017. Of the 351 bankruptcies, 7 were filed by businesses. Consumer bankruptcies also fell (-23.2%) in March, compared to the same month a year earlier.
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Average Weekly Earnings - Average weekly earnings of payroll employees in British Columbia (seasonally adjusted, current dollars) went up in March, increasing by $3.64 (+0.4%) to reach $962.44.
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Gross Domestic Product - Canadian real GDP by industry at basic prices advanced 0.3% in March, following a 0.4% increase in the previous month. The goods-producing industries expanded 0.6%, while the services-producing industries were up by 0.2%.
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Gross Domestic Product, 1st Quarter 2018 - The Canadian economy continued to expand in the first quarter of 2018, with real GDP advancing 0.3% (seasonally adjusted) following a 0.4% increase in the last quarter of 2017.
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Industrial Product Price Index - Canadian manufacturers’ selling prices climbed 2.4% in April, compared to the same month a year earlier. The price of raw materials purchased by Canadian manufacturers rose 8.9% in April compared to April the previous year, slightly slower than the 10.0% annual price growth observed in March.
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Food Services and Drinking Places - Revenues generated in British Columbia’s food service and drinking places industry went up by 0.3% (seasonally adjusted) in March, led by an increase in sales in limited-service eating places.
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Tourism Room Revenues - For British Columbia, overall room revenues rose during the month of March. On a regional basis, all tourism regions reported revenue increases compared to twelve months ago with the exception of The Islands.
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Economic Insights: B.C. - Statistics Canada released a new report in the publication Economic Insights summarizing recent changes in production, labour market and housing market activity in British Columbia. Economic growth in British Columbia was the highest among the provinces in 2015 (+3.3%) and 2016 (+3.6%), and accelerated further in 2017 (+3.9%). From 2014 to 2016, British Columbia’s economy expanded at the fastest pace in a decade.
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Rising prices for energy and petroleum products (+15.1%) contributed to Canadian manufacturers' overall selling price growth in April.
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Current Surveys
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- BC Public Service Exit Survey
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- Canada-BC Job Grant Outcomes Survey
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- New Job Survey
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You can read more about any of these by visiting our Current and Recent Surveys page.

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Did You Know
As a result of the worst wildfire season on record, domestic itinerant aircraft movements at the Williams Lake Airport increased dramatically throughout the summer of 2017. As a result, aircraft take-offs and landings almost doubled, growing 89% to reach 15,557 in 2017 compared to the prior year.
Source: Statistics Canada

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Headlines
- In March 2018, there was a decline in overall bankruptcies in B.C. compared to March 2017.
- Average weekly earnings of payroll employees in B.C. went up in March compared to February.
- Canadian real GDP by industry at basic prices advanced in March.

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Released last week by BC Stats
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This week
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- Labour Force Survey
- Earnings and Employment
