Trade Resources Economy Canada Reported Manufacturing Sales in The Country Increased 1.7 Percent

Canada Reported Manufacturing Sales in The Country Increased 1.7 Percent

Statistics Canada reported Friday that November manufacturing sales in the country increased 1.7 percent to $49.9 billion, the highest level since May 2012. Sales rose in 12 of 21 industries, representing about two-thirds of the manufacturing sector. Durable goods sales increased 2.7 percent to $25.5 billion while non-durable goods sales gained 0.8 percent to $24.4 billion.

The gain in the transportation equipment industry accounted for more than a third of the total increase in Canadian manufacturing sales. Sales in the industry were up 3.8 percent to $8.7 billion. The advance in transportation equipment partly reflected a 4.1 percent increase in the motor vehicle industry and a 6.5 percent rise in the aerospace product and parts industry. In the primary metal industry, sales rose 5.9 percent to $4 billion, the highest level since April 2012.

Inventories declined 0.8 percent to $65.5 billion in November, while unfilled orders advanced 3.6 percent to $64.1 billion in November, reaching the highest level since March 2009. The increase also reflected higher orders in the transportation equipment industry.

Source: http://www.steelorbis.com/steel-news/latest-news/manufacturing-sales-show-substantial-growth-in-canada-736150.htm
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Manufacturing Sales Show Substantial Growth in Canada
Topics: Machinery