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- Canada’s manufacturing sales surge 20.7 percent in June
Canada’s manufacturing sales surge 20.7 percent in June
Statistics
Canada released its Monthly Survey of Manufacturing on Friday, which showed
that the Canadian manufacturing sales surged 20.7 percent m-o-m in June to CAD48.74
billion, following a revised 11.6 percent m-o-m climb in May (originally a 10.7
percent m-o-m gain). This was the largest increase in manufacturing sales on
record.
According to
the survey, sales increased in all 21 industries, led by motor vehicle (+281.6
percent m-o-m) and motor vehicle parts (+190.3 percent m-o-m) industries,
as most plants returned to full
production following shutdowns earlier in the pandemic. Excluding these two
industries, manufacturing sales rose 10.3 percent m-o-m.
Overall, sales
of durable goods industries surged 34.1 percent m-o-m in June, while sales of
non-durable goods industries rose 8.8 percent m-o-m.
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