Statistics Canada reports manufacturing sales up 7% in July

Statistics Canada announced that manufacturing sales increased for the third consecutive month, rising 7.0% to $53.1 billion in July on higher sales of motor vehicle and parts.

The Federal Agency notes that, nevertheless, manufacturing sales remained 5.4% below February’s pre-pandemic levels.

Excluding the transportation industry, manufacturing sales grew 3.3%. Sales rose in 13 of 21 industries, representing more than two-thirds (68%) of total sales in the manufacturing sector.

Sales in the transportation equipment industry rose by almost one-quarter (+24.1%) to $11.0 billion in July, mainly due to higher sales of motor vehicles and parts. Petroleum and coal product sales rose 13.0% to $3.7 billion. Sales in the plastic and rubber product industry increased for the third consecutive month, rising 15.1% in July.

Food sales declined 1.7% in July, following two consecutive monthly gains. The decline in July was attributable to lower seafood sales following a 28.4% increase in June, when fishing activities reached their peak. The unadjusted decline (-39.3%) in seafood in July was larger than previous years.

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