Statistics Canada reports manufacturing sales up 1.4% in May
By CP STAFFIndustry Manufacturing Economy manufacturing Manufacturing sales Statistics Canada
An 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.
The transportation equipment industry posted the largest decline.
Manufacturing sales in constant dollars were up 0.9%.