Canadian Manufacturing Sales - May 16, 2018
Canadian manufacturing sales rose 1.4 per cent on a monthly in March, led by higher sales of primary metals, aerospace products and fabricated metal products. Sales were up in 13 of 21 manufacturing sub-sectors, representing 72 per cent of the manufacturing sector. On a year-over-year basis, Canadian manufacturing sales were up 6.4 per cent over March 2017. In BC, manufacturing sales increased 4 per cent on a monthly basis and were up 10.5 per cent year-over-year. Those gains were primarily the result of higher sales in BC's forestry sector. The paper manufacturing industry saw a 33 per cent increase in sales year-over-year in March, while wood products were up 36.4 per cent.
Copyright British Columbia Real Estate Association. Reprinted with permission.
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