Canadian manufacturing sales increased 1.4 per cent on a monthly basis in May, pushed higher by gains in the chemical, machinery and wood product industries. Sales were higher in 14 of 21 manufacturing sub-sectors, representing almost two-thirds of manufacturing sales. On a year-over-year basis, Canadian manufacturing sales were up 3.7 per cent over May 2017.
In BC, manufacturing sales were up 3.2 per cent in May on a monthly basis and were 9.7 per cent higher year-over-year. The province's forestry sector led the way as sales of manufactured wood products rose 9.2 per cent from April. The BC manufacturing sector continues to be a bright spot in the economy, with sales up 8.5 per cent year-to-date.
Copyright British Columbia Real Estate Association. Reprinted with permission.