Canada: Monthly Survey of Manufacturing, June 2018
“Manufacturing sales rose 1.1% to $58.1 billion in June, following a 1.5% increase in May. The increase in June was mainly due to sharply higher sales in the petroleum and coal product industry.”
Sales up in five provinces
Manufacturing sales increased in five provinces in June, led by Quebec and Alberta.
Total manufacturing sales in Quebec rose 3.8% to $14.0 billion, while Alberta posted a 3.7% gain to $6.5 billion. The growth in both provinces was largely driven by higher production of petroleum and coal products following temporary shutdowns in April and May. In particular, sales of petroleum and coal products in Quebec rose 123.2% in June following declines in April and May. Production ramp-ups in Alberta refineries, which started in May, continued into June with sales increasing by 15.4%.
Ontario also contributed to the increase in manufacturing sales, rising 0.5% to $26.4 billion in June. The gain was largely due to higher sales of motor vehicles.
Sales in Saskatchewan fell 11.1% to $1.4 billion in June, following three consecutive monthly increases. Lower sales of pesticides, fertilizers and other agricultural chemical products were mostly responsible for the decline in the province.” Continue reading