Manufacturing AUTOMATION

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Mfg sales top expectations for November 2016


January 19, 2017
By The Canadian Press

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Jan. 19, 2017 – Statistics Canada says manufacturing sales climbed 1.5 per cent in November to $51.8 billion.

Economists had expected a gain of 1.0 per cent for the month, according to Thomson Reuters.

The move higher followed a drop in October which was revised to a move down of 0.6 per cent compared with an initial reading of a drop of 0.8 per cent.

In constant dollars, sales climbed 1.2 per cent, indicating a higher volume of manufactured goods was sold.

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Sales were up in 14 of the 21 industries, boosted by the primary metal, petroleum and coal and chemical sectors.

The primary metal sector rose 9.1 per cent to $4.0 billion, while petroleum and coal product sales increased 3.7 per cent to $4.5 billion. The chemical manufacturing industry rose 3.4 per cent to $4.4 billion.

Statistics Canada says sales were up in every province except New Brunswick.

News from © Canadian Press Enterprises Inc. 2017