Statistics Canada reports that manufacturing sales increased 1.6% to $53.5 billion in August, following two consecutive monthly declines. The gain was mainly attributable to higher sales in the transportation equipment, and petroleum and coal product industries.
Overall, sales were up in 8 of the 21 industries, representing 66% of the Canadian manufacturing sector.
Sales in the transportation equipment industry rose 8.2% to $10.4 billion, after falling 13.6% in July. This growth was the result of gains in the motor vehicle (+12.9%) and motor vehicle parts (+5.7%) industries. Sales in the petroleum and coal product industry increased 3.2% to $4.8 billion in August-a second consecutive monthly gain.
Sales were also up in the primary metal (+3.1%), machinery (+4.0%), beverage and tobacco product (+4.2%) and wood product (+1.6%) industries.
The Federal Agency says higher sales in current dollars were partially offset by decreases in the chemical (-3.6%) and computer and electronic product (-6.5%) industries. In constant dollars, sales fell 3.9% in the chemical and 6.5% in the computer and electronic product industries, indicating that a lower volume of goods sold was behind these declines.
Source: Statistics Canada< Return