The Telegram (St. John's)

Manufactur­ing sales gained 1.1 per cent in May: Statcan


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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