Statistics Canada says manufacturing sales up 1.2 per cent at $72.9 billion in May

OTTAWA –

Statistics Canada says manufacturing gross sales rose 1.2 per cent to $72.9 billion in May after declining 0.1 per cent in April.

The general improve for the month got here as gross sales of chemical merchandise gained 4.8 per cent at $5.9 billion in May, boosted by larger gross sales of pesticide, fertilizer, and different agricultural chemical merchandise in Alberta and pharmaceutical and drugs merchandise in Ontario.

Motor car gross sales rose 4.8 per cent to $4.9 billion in May after dropping 3.6 per cent in April as semiconductor chip provide continues to enhance.

Meanwhile, gross sales of major metals fell 6.9 per cent to $5.2 billion.

Statistics Canada says weakening demand led manufacturing exercise around the globe to contract, notably in China, resulted in decrease gross sales within the non-ferrous steel (besides aluminum) manufacturing and processing trade.

Overall gross sales in fixed {dollars} rose 2.2 per cent in May, indicating the next quantity of products offered.

This report by The Canadian Press was first revealed July 14, 2023.