The Canadian Press – June 17, 2018 – Canadian manufacturing sales bounced back more than expected in May as the gains were led by the chemical, machinery and wood product industries.
Manufacturing sales were up in seven of ten provinces, led by B.C. and Alberta.
Statistics Canada said Tuesday that manufacturing sales rose 1.4 per cent to $57.1 billion in May. The improvement followed a drop of 1.1 per cent in April.
Economists had expected an increase of 0.5 per cent in May, according to those polled by Thomson Reuters Eikon.
Manufacturing sales in constant dollars were up 0.9 per cent.
Statistics Canada said sales rose in 14 of 21 industries, led by the chemical, machinery, and wood product industries.