Man­u­fac­tur­ing sales gained 1.1 per cent in May: Stat­Can

The Guardian (Charlottetown) - - BUSINESS -

OT­TAWA — Cana­dian man­u­fac­tur­ing sales came in bet­ter than ex­pected for May, climb­ing 1.1 per cent to $54.6 bil­lion.

Statis­tics Canada says it was the third con­sec­u­tive month to see an in­crease as gains were led by the trans­porta­tion equip­ment and chem­i­cal man­u­fac­tur­ing in­dus­tries. Econ­o­mists had ex­pected a gain of 0.8 per cent for the month, ac­cord­ing to Thom­son Reuters. How­ever, the bet­terthan-ex­pected in­crease for May came as Statis­tics Canada re­vised its fig­ure for April to show an in­crease of 0.4 per cent com­pared with its ini­tial read­ing of 1.1 per cent. Sales in May were up in 16 of 21 in­dus­tries, rep­re­sent­ing 71 per cent of the man­u­fac­tur­ing sec­tor.

The trans­porta­tion equip­ment in­dus­try saw sales rise 4.2 per cent to $11.5 bil­lion boosted by the mo­tor ve­hi­cle and the mo­tor ve­hi­cle parts in­dus­tries. Chem­i­cal man­u­fac­tur­ing sales climbed 2.4 per cent to $4.4 bil­lion.

In con­stant dol­lars, over­all sales were up 1.1 per cent, in­di­cat­ing that higher vol­umes of man­u­fac­tured goods were sold in May.

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