Mfg sales increase 1.0% in March to $53.9B

May 17, 2017 – Statistics Canada says manufacturing sales hit a record in March, boosted by the transportation equipment and food industries.

The agency says they grew 1.0 per cent to a $53.9 billion in March, matching the expectations of economists, according to Thomson Reuters.

Sales were up in 16 of 21 industries, representing 71 per cent of the Canadian manufacturing sector.

The transportation equipment industry rose 2.1 per cent to $11.1 billion following two months of declines.

The food industry gained 2.6 per cent to a record high $8.9 billion.

In volume terms, factory sales rose 0.2 per cent.

News from © Canadian Press Enterprises Inc. 2017