PLANT

Statistics Canada reports manufacturing sales up 1.4% in May

An improvement over April's 1.1% drop and ahead of economists' projections.

July 17, 2018   by CP STAFF

OTTAWA — Statistics Canada says manufacturing sales increased 1.4% to $57.1 billion in May.

The improvement followed a drop of 1.1% in April.

Economists had expected an increase of 0.5% in May, according to those polled by Thomson Reuters Eikon.

Statistics Canada says sales rose in 14 of 21 industries, led by the chemical, machinery, and wood product industries.

Advertisment

The transportation equipment industry posted the largest decline.

Manufacturing sales in constant dollars were up 0.9%.

 


Print this page

Related Stories