Brocker.Org: Canada: Manufacturing sales increased 1.0% to a record $53.9 billion in March

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“Manufacturing sales increased 1.0% to a record $53.9 billion in March, reflecting higher sales in the transportation equipment and food industries,” said the Statistics Canada on Wednesday. 

Key quotes:

“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.”

“In constant dollars, manufacturing sales in volume terms rose 0.2%.”

“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, reflecting higher volumes and prices.”

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