Newspaper article The Canadian Press

Manufacturing Sales Rise 2.3% in December, Statistics Canada Says

Newspaper article The Canadian Press

Manufacturing Sales Rise 2.3% in December, Statistics Canada Says

Article excerpt

Manufacturing sales up 2.3% in December

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OTTAWA - Manufacturing sales exceeded expectations for a second consecutive month in December, rising 2.3 per cent to $53.5 billion, Statistics Canada said Wednesday.

The growth was primarily fuelled by higher sales of transportation equipment, petroleum and coal products. Sales of transportation equipment rose 7.4 per cent to $11.2 billion, while sales in the petroleum and coal products industry were up 11.6 per cent to $5.2 billion -- the highest since July 2015.

Analysts had estimated growth of 0.2 per cent, according to Thomson Reuters.

Overall, sales were up in eight of the 21 manufacturing industries tracked.

Statistics Canada also revised its November manufacturing sales figures to $52. …

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