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Manufacturing sales increased 3.6% in February as auto production ramped up
Transportation equipment sales jumped 18.8% as auto assembly plants resumed operations after maintenance shutdowns, Statistics Canada said.
- Statistics Canada reported manufacturing sales rose 3.6% to $71.2 billion in February as auto assembly plants resumed operations following planned maintenance and retooling shutdowns.
- Planned maintenance and retooling shutdowns at Ontario automakers ended near the beginning of February, driving a 43.4% increase in motor vehicle sales and a 9.9% rise in parts sales.
- Wholesale sales climbed 2.0% to $86.8 billion in February, Statistics Canada also reported, with the motor vehicle and parts subsector up 6.1% as commercial activity aligned with factory gains.
- Alan Arcand, chief economist at Canadian Manufacturers and Exporters, cautioned against over-interpreting the February increase, noting that shutdowns extended longer than anticipated this year, creating a significant monthly swing.
- Arcand warned that United States trade policy continues to weigh on the sector, as year-over-year manufacturing sales fell 4.6%, reflecting the ongoing impact of tariffs on long-term industry investment.
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Rise in manufacturing sales in February 'not a sign of better things to come'
Manufacturing sales rebounded in February from their January lows, according to the latest data from Statistics Canada. Total manufacturing sales were up 3.1 per cent compared to a 3.1 per cent decline in January.
·Canada
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The Toronto Star+9 Reposted by 9 other sources
Manufacturing sales up in February as auto production ramped up after shutdowns
OTTAWA - Statistics Canada says manufacturing sales rose 3.6 per cent to $71.2 billion in February as several auto assembly plants ramped up operations following planned maintenance and retooling shutdowns.
·Toronto, Canada
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Total News Sources12
Leaning Left5Leaning Right1Center3Last UpdatedBias Distribution56% Left
Bias Distribution
- 56% of the sources lean Left
56% Left
L 56%
C 33%
11%
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