Manufacturing Sales In Canada Grow 2% in April
Source: Statistics Canada
Manufacturers' factory sales rose by a sharp 2.0% in April to $49.8 billion, following a weak March (-1.7%). Gains were led by the petroleum products industry but still were broadly based as 17 of the 21 manufacturing industries, representing 80% of total sales, reported increases.
Petroleum and coal products (+9.0%) dominated all industries in April, as manufacturing sales for this industry exceeded the $7.0 billion mark for the first time. Higher prices (+7.9%) and the return to more normal production levels, following the completion of scheduled maintenance by some refineries, were the key reasons for April's showing.
Excluding petroleum from the mix, total ...
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