C&W Industrial Research MarketNote: Continued Industrial Growth Across North American Markets
The North American industrial sector can be characterized as showing steady growth. In the U.S., many markets reported historic performance in market fundamentals such as vacancy rates, new construction and pricing. Meanwhile, Canada’s manufacturing sector is off to a good start in 2014 with Canadian manufacturing sales increasing .4% in March to $50.9 billion, the sixth increase in seven months. In Mexico, macro-economic stability is reflected in a stable exchange rate and growing international investments. Mexican exports reached over US$400 billion in 2013, and most of them are manufactured products. Mexican exports were driven mainly by shipments to the U.S., which increased 4% from 2012.