Manufacturing sales rose 1.7% in December, despite a 9.3% drop in sales of petroleum and coal products. Excluding the petroleum and coal product industry, manufacturing sales were up 3.2%. The gain reflected higher sales in the transportation equipment industry, in part, due to seasonal movements in the motor vehicle and motor vehicle parts sub-industries. Sales also rose in the machinery industry.
Overall, sales were higher in 17 of 21 industries, representing nearly 80% of total Canadian manufacturing.
Constant dollar sales were up 2.9%, indicating that a higher volume of products was sold over the course of the month. The larger increase in constant dollar sales versus current dollar sales reflects a sharp drop in prices for refined petroleum products.
via StatCan
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