Manufacturing sales up by 2.6% in February
Sales rise in 14 of 21 industries, giving the sector its biggest gain since July 2011.
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OTTAWA – Statistics Canada says manufacturing sales rose 2.6% to $49.6 billion in February, the largest increase since July 2011.
The agency says the gain was due largely to higher sales in the transportation equipment, petroleum and coal product, food, and miscellaneous manufacturing industries.
It says the gain was broad-based, as sales rose in 14 of 21 industries, representing approximately 85% of the manufacturing sector.
Constant dollar manufacturing sales increased 2.5%, indicating that most of the gain reflected higher sales volumes.
Sales of durable goods were up 3.7% to $25.1 billion, while non-durable goods sales rose 1.5% to $24.5 billion.
Sales rose in eight provinces in February, led by Ontario, Quebec and New Brunswick.
©The Canadian Press