Manufacturing Sales Up in May

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CBJ — Manufacturing sales grew by 1.1% in May to $54.6 billion in May, marking the third consecutive monthly gain.

Statistics Canada said the transportation equipment and chemical manufacturing industries led the advance.

Sales were up in 16 of 21 industries, representing more than 70% of the entire manufacturing sector.

Transportation equipment sales rose 4.2% to $11.5 billion on the back of the motor vehicle and the motor vehicle parts industries. Chemical manufacturing sales climbed 2.4% to $4.4 billion.

In constant-dollar terms, overall sales were up 1.1%, indicating that it wasn’t just higher prices that boost the figure — more total goods were sold, too.

@CanBizJournal

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