Canadian Manufacturing Sales – July 16, 2013

Canadian manufacturing sales rose 0.7 per cent in May, only the second  increase in sales in the past five months. Sales rose in 11 of 21 manufacturing subsectors, with gains driven by higher sales in the chemical manufacturing sector.

In BC, manufacturing sales grew 1.6 per cent on a monthly basis and were 2.9 per cent higher year-over-year.  May’s manufacturing sales were led higher by a 16 per cent increase in the primary metal sector while the recovery in the wood products sector took a bit of a break following several consecutive months of large increases. Wood product sales fell 6 per cent from April but remained 34 per cent higher than May 2012. Stronger manufacturing sales in May continues a string of stronger economic data in BC in recent months that hopefully will mark an inflection point for the provincial economy following a year of relative weakness.

For more information, please contact: Gino Pezzani  

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