Manufacturing sales up 0.7 per cent in February

Statistics Canada says manufacturing sales rose 0.7 per cent to $71.6 billion in February, helped by higher sales of petroleum and coal.

Image: Rob Lambert on Unsplash

The agency says manufacturing sales were up in 13 of the 21 subsectors it tracks as petroleum and coal sales rose 4.3 per cent to $8.7 billion, helped by higher prices and to a lesser extent, volumes. Sales of electrical equipment, appliance and component products rose 12.6 per cent to a record $1.5 billion in February.

Overall manufacturing sales in constant dollars rose 0.1 per cent in February.

In a separate report, Statistics Canada said wholesale sales, excluding petroleum, petroleum products, and other hydrocarbons and excluding oilseed and grain, were essentially unchanged in February at $82.2 billion.

The result came as sales increased in four of the seven subsectors with the machinery, equipment and supplies subsector up 1.1 per cent at $17.6 billion in February, while the food, beverage and tobacco subsector fell 1.3 per cent to $14.6 billion.

In volume terms, wholesale sales, excluding petroleum, petroleum products, and other hydrocarbons and excluding oilseed and grain, rose 0.2 per cent in February.