Demand for heavy machinery, iron and steel, and commercial airplanes declines.
Machinery, equipment and supplies subsector posts largest drop, down by 4% to $10.9 billion.
Province will spend $10 million to expand existing programs to encourage the use energy efficient equipment and solar power.
Vibration measurements relate to the probability of equipment bearing failure.
Machinery, equipment and supplies subsector posted the biggest drop.
Demands come ahead of negotiations starting March 9 for automotive and machinery workers.
Renovation will reduce its costs by replacing infrastructure and equipment dating back to World War II.
Manufacturers plan to increase spending by 2.7% to $17.5 billion.
Forecast predicts 25% drop in energy exports and a 23% drop in natural gas exports this year.
Expected to create up to 40 new jobs over four years.
Latest round of tariff cuts expected to generate $450 million in tax savings for manufacturers.
Repayable contributions will be used to expand factories, acquire manufacturing equipment.
A national labour strategy, levelling the corporate tax field and ratifying trade deals must be priorities.
The measure has been used by about 25,000 Canadian businesses to buy new machinery.
PLANT’s 2013 Business Outlook Survey shows senior executives are investing and banking on higher profits.