• Canadian manufacturing sales increased for the second consecutive month

Market news

15 February 2017

Canadian manufacturing sales increased for the second consecutive month

Manufacturing sales increased for the second consecutive month, up 2.3% to $53.5 billion in December, following a revised increase of 2.3% in November. The growth was mainly the result of higher sales of transportation equipment, as well as petroleum and coal products.

Overall, sales were up in 8 of 21 industries, representing 41% of the manufacturing sector. Sales of durable goods rose 2.4%, while sales of non-durable goods increased 2.1%.

In constant dollars, sales were up 2.3%, indicating that higher volumes of manufactured goods were sold in December.

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