Statistics Canada released its Monthly Survey of Manufacturing on Friday, which showed that the Canadian manufacturing sales surged 20.7 percent m-o-m in June to CAD48.74 billion, following a revised 11.6 percent m-o-m climb in May (originally a 10.7 percent m-o-m gain). This was the largest increase in manufacturing sales on record.

According to the survey, sales increased in all 21 industries, led by motor vehicle (+281.6 percent m-o-m) and motor vehicle parts (+190.3 percent m-o-m) industries, as most plants returned to full production following shutdowns earlier in the pandemic. Excluding these two industries, manufacturing sales rose 10.3 percent m-o-m.

Overall, sales of durable goods industries surged 34.1 percent m-o-m in June, while sales of non-durable goods industries rose 8.8 percent m-o-m.