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July 18, 2018

Canadian manufacturing sales rose 1.4% to $57.1 billion in May

Statistics Canada reports that manufacturing sales increased 1.4% to $57.1 billion in May, following a 1.1% decline in April. The chemical, machinery, and wood product industries accounted for most of the gains in May. The transportation equipment industry posted the largest decline.

The federal agency says sales in the chemical industry were up for the second consecutive month, rising 6.2% to $4.7 billion in May on higher volumes of products sold.

Machinery sales rose 8.9% to $3.3 billion, following three consecutive monthly declines. Higher sales of other general-purpose machinery as well as commercial and service machinery led the gains.

Sales in the transportation equipment industry declined 1.9% to $10.6 billion, following a 2.4% decrease in April, primarily due to lower sales of motor vehicles and motor vehicles parts.

The petroleum and coal product industry declined for the fourth consecutive month, with sales down 1.8% to $5.2 billion in May.