Manufacturing Sales in February Rise by 0.7% to $71.6B, Reports Statistics Canada

Manufacturing sales increased by 0.7 percent to reach $71.6 billion in February, with petroleum and coal sales contributing to this growth, according to Statistics Canada’s report on April 15.

The report highlighted that sales were up in 13 of the 21 subsectors monitored, with petroleum and coal sales seeing a 4.3 percent increase to $8.7 billion, mainly due to higher prices and, to a lesser extent, volumes.

Electric equipment, appliance, and component product sales also saw a significant increase of 12.6 percent, reaching a record $1.5 billion in February.

However, sales of chemical products experienced a decline of 5.5 percent, totaling $5.3 billion in February, primarily driven by lower sales of pesticide, fertilizer, and other agricultural chemical products.

Overall manufacturing sales in constant dollars rose by 0.1 percent in February.

In a separate report, Statistics Canada stated that wholesale sales, excluding petroleum, petroleum products, other hydrocarbons, oilseed, and grain, remained steady in February at $82.2 billion.

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Sales in the machinery, equipment, and supplies subsector increased by 1.1 percent, reaching $17.6 billion in February, while the food, beverage, and tobacco subsector saw a decline of 1.3 percent, totaling $14.6 billion.

The motor vehicle and motor vehicle parts and accessories subsector experienced a 0.8 percent growth, reaching $14.3 billion in February.

In terms of volume, wholesale sales, excluding petroleum, petroleum products, other hydrocarbons, oilseed, and grain, grew by 0.2 percent in February.

Statistics Canada has recently included oilseed and grain as well as the petroleum and petroleum products subsector in wholesale trade analysis but is withholding this data from monthly reports until sufficient historical data is available.