
Statistics Canada reports manufacturing sales up 1.4% in May
By CP STAFF
Industry Manufacturing Economy manufacturing Manufacturing sales Statistics CanadaAn improvement over April's 1.1% drop and ahead of economists' projections.
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.
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The transportation equipment industry posted the largest decline.
Manufacturing sales in constant dollars were up 0.9%.
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