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May 19, 2017

Canadian manufacturing sales up to a record $53.9 billion in March

Statistics Canada reports that manufacturing sales increased 1.0% to a record $53.9 billion in March, reflecting higher sales in the transportation equipment and food industries.

Overall, sales were up in 16 of 21 industries, representing 71% of the Canadian manufacturing sector. Sales of durable goods rose 1.3% to $28.4 billion, while sales of non-durable goods increased 0.7% to $25.4 billion.

According to the federal agency, sales in the transportation equipment industry rose 2.1% to $11.1 billion in March, following two months of declines. The increase was the result of gains in the motor vehicle (+4.5%) and the motor vehicle parts (+1.8%) industries.

In the food industry, sales rose for the second straight month, up 2.6% to a record high $8.9 billion in March.

These increases were partially offset by a 1.7% decline in the petroleum and coal product industry to $5.0 billion.