“Manufacturing sales increased 1.4% to $57.1 billion in May, following a 1.1% decline in April,” Statistics Canada reported on Tuesday.
Key takeaways from the official publications
- Sales rose in 14 of 21 industries, representing 64% of total manufacturing sales.
- The chemical, machinery, and wood product industries accounted for most of the gains in May.
- The transportation equipment industry posted the largest decline.
- In constant dollars, manufacturing sales were up 0.9%.
- Manufacturing inventories rose 0.4% to a record high $81.5 billion in May.
- The unadjusted manufacturing capacity utilization rate increased from 80.6% in April to 81.9% in May.
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