BC Stats Infoline

Edition: September 4, 2018

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Infoline Highlights: Coverage for the week of August 27-31

Bankruptcies - There were 352 bankruptcies filed by consumers in British Columbia in June, a 9.0% decline from the same month of 2017. Meanwhile, the number of business bankruptcies was also notably lower (-66.7% to three).
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Industrial Product Price Index - Canadian manufacturers’ prices were notably higher (+6.6%) this July than in the same month of 2017. A 27.8% year-over-year surge in the price of energy and petroleum products was the largest contributor to the overall increase, and price boosts for pulp and paper (+17.3%) and primary non-ferrous metal (+7.8%) products also exerted upward pressure.
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Gross Domestic Product, 2nd Quarter - The Canadian economy picked up speed in the second quarter, expanding 0.7% (real GDP at market prices, seasonally adjusted, chained 2007 dollars), following three quarters of steady, but more modest, growth of 0.4%.
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Gross Domestic Product -The Canadian economy was essentially unchanged (+0.0%, seasonally adjusted) in June, following a 0.5% increase in the previous month. GDP in goods-producing industries contracted 0.2%, mainly due to a decline in mining, quarrying, and oil & gas extraction (-0.9%) as non-conventional oil extraction contracted (-2.4%) for the first time in five months.
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Average Weekly Earnings - Average weekly earnings of payroll employees in British Columbia (seasonally adjusted, current dollars) were 2.0% higher in June compared to the same month of 2017, reaching $963.19. Nationally, average weekly earnings were up 2.8% (to $999.74) over June 2017.
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  • There was no change to the Canadian gross domestic product in June from the month before. Overall, though, the second quarter of 2018 saw accelerated growth of 0.7%.

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Did You Know

It's back to school today for about 624,000 students in B.C. Approximately 538,000 of these are full-time public school students, with an average of 84% graduating from high school.  

Source:  Education by the Numbers

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 Headlines

  • Bankruptcies in B.C. dropped in June over the same month the year before.
  • The Industrial Product Price Index rose in July over July 2017.
  • B.C. payroll employees' average earnings rose slightly in June over the same period in 2017.
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Released last week by BC Stats

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