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June 16, 2017

Canadian manufacturing sales increased 1.1% in April

Statistics Canada reports that manufacturing sales increased 1.1% to a new record high $54.4 billion in April, reflecting higher sales in the petroleum and coal product, and primary metal industries.

Overall, sales were up in 13 of the 21 industries, representing 62% of Canadian manufacturing sales. Sales in the petroleum and coal products industry rose 8.9% to $5.4 billion in April, following two months of declines.

According to the federal agency, sales in the primary metal industry rose 3.8% to $4.2 billion, the third increase in four months. The increase in April partly reflected higher volumes and prices of primary metal products. Sales also increased in the paper (+3.5%), food (+0.5%) and machinery (+1.5%) industries.

In contrast, sales in the transportation equipment industry decreased 1.3% to $11.0 billion. The decline was mainly attributable to the motor vehicle (-3.7%) and motor vehicle parts (-2.1%) industries, which both posted increases the previous month.