June manufacturing sales edge forward
OTTAWA: Manufacturing sales edged up 0.1% in June to $44.8 billion, the 11th increase since manufacturing sales bottomed out 13 months ago, while the composite index slowed in July.
Statistics Canada reports constant-dollar manufacturing sales rose 0.7% to $41.7 billion in June, 15.3% higher than their lowest recession level in May 2009.
Sales were up in nine of 21 industries accounting for 50.1% of total sales, but Statistics Canada said increases were largely offset by declines in the remaining 12 industries.
Industries reporting increases include furniture (6.4%); paper (4.8%), mostly due to higher sales volumes; fabricated metal products (2%); and chemical manufacturing (1.2%).
Sales declined 2.1% in the food industry and 1.5% in the petroleum and coal products industry.
Four provinces saw sales grow, with PEI tallying a 7.1% increase and Manitoba recording a 4.8% gain from May. Quebec and Ontario were each down 0.2% but Quebec was up 5.3% and Ontario 20% from June 2009.
Statistics Canada’s composite leading index showed a slower 0.4% gain in July following a 0.7% increase in June. Much of the drag came from the household sector, down 4.1% because of declines in housing starts and sales. This contributed to a 0.6% dip in furniture and appliance sales, and a fifth consecutive decline in durable goods.
However, manufacturing continues to recover with new orders for durable goods rising 2.2%, the sixth consecutive monthly increase.
Click here for Manufacturing: Principal statistics.
Click here for Manufacturing: Industry aggregates.
Click here for Manufacturing: Provinces and territories.