Canadian Manufacturing

Statistics Canada says manufacturing sales rose 10.7% in May

The Canadian Press
   

Manufacturing Sales & Marketing


May's sales were 28.4% below their pre-pandemic level in February

OTTAWA — Statistics Canada says manufacturing sales rose in May after posting a record plunge in April, but remained well below their pre-pandemic level.

The agency says manufacturing sales rose 10.7% to $40.2 billion in May from a month earlier as many factories resumed production after full or partial shutdowns due to the COVID-19 pandemic.

Still, May’s sales were 28.4% below their pre-pandemic level in February.

Economists on average expected an increase of 9.5% for May, according to financial markets data firm Refinitiv.

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Sales were up in 18 of 21 industries, led by the motor vehicle, motor vehicle parts and petroleum and coal products industries.

In volumes terms, manufacturing sales rose 8.8%.

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