Manufacturing sales hit new record in January, up 2.3%: StatsCan
Increase came from higher sales of motor vehicles, food and motor vehicle parts.
motor vehicle parts
OTTAWA — Statistics Canada says manufacturing sales rose 2.3% in January to $53.1 billion, a new record.
The result topped the 0.5% gain that had been expected by economists, according to Thomson Reuters.
The increase came due to higher sales of motor vehicles, food and motor vehicle parts.
Sales of petroleum and coal products fell 5.9%.
Sales rose in 16 of 21 industries, representing more than 80% of the manufacturing sector.
Eight provinces recorded higher sales in January, led by Ontario and Quebec.
The only provinces to report lower sales were Alberta and Nova Scotia.
© 2016 The Canadian Press