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- Canadian manufacturing sales increased for the third consecutive month, up 1.1% to $54.6 billion in May
Canadian manufacturing sales increased for the third consecutive month, up 1.1% to $54.6 billion in May
Manufacturing sales increased for the third consecutive month, up 1.1% to $54.6 billion in May. The gain was mainly attributable to higher sales in the transportation equipment and chemical manufacturing industries.
Sales were up in 16 of 21 industries, representing 71% of the manufacturing sector. Sales of durable goods rose 2.2%, while sales of non-durable goods declined 0.3%.
In constant dollars, sales were up 1.1%, indicating that higher volumes of manufactured goods were sold in May.
Sales in the transportation equipment industry rose 4.2% to $11.5 billion in May, the third gain in four months. The growth was the result of increases in the motor vehicle (+8.6%) and the motor vehicle parts (+5.7%) industries, mainly reflecting higher volumes. After removing the effect of price changes, sales in volume terms rose 8.1% and 5.0% respectively in these industries in May.
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