Canadian Manufacturing

Manufacturing sales grew in April

by The Canadian Press   

Canadian Manufacturing
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The one per cent gain in April, driven by higher sales volumes, followed two consecutive months of declines

OTTAWA—Statistics Canada says manufacturing sales rose 1.0 per cent to $50.4 billion in April.

Economists had expected a gain of 0.6 per cent from March, according to Thomson Reuters.

The move higher followed two consecutive months of declines.

Statistics Canada says the April increase was due to higher sales in the petroleum and coal product, transportation equipment, and primary metal industries.

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Sales increased in 10 of 21 industries, representing 55 per cent of Canadian manufacturing sales.

In constant dollar terms, sales were up 1.4 per cent, indicating a higher volume of manufactured goods were sold in April.

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