Manufacturing sales inch higher in October
December 19, 2007
By Manufacturing AUTOMATION
Ottawa“- Manufacturing sales edged up 0.1 per cent in October, holding steady after decreasing in five of the six previous months.
According to a new Statistics Canada report, sales of manufactured goods increased $38 million, reaching $50.2 billion from $50.1 billion in September.
Using constant dollars, which take price fluctuations into account, the volume of sales increased 1.1 per cent to $50.1 billion in October. The Industrial Product Price Index, which is a major component in calculating the constant dollar value, dropped 1.1 per cent in October. Despite difficulties for manufacturers presented by the strengthening exchange rate, constant dollar sales were 3.2 per cent higher than in October 2006.
On an industry-by-industry basis, 12 of 21 manufacturing industries increased in October, representing slightly less than half of total manufacturing sales.
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