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Statistics Canada reports manufacturing sales up 0.7% in February at $71.6B

OTTAWA — Manufacturing sales rose 0.7 per cent to $71.6 billion in February, helped by higher sales of petroleum and coal, Statistics Canada said Monday.

The agency said manufacturing sales were up in 13 of the 21 subsectors it tracks as petroleum and coal sales rose 4.3 per cent to $8.7 billion, helped by higher prices and to a lesser extent, volumes.

Sales of electrical equipment, appliance and component products rose 12.6 per cent to a record $1.5 billion in February.

Meanwhile, sales of chemical products fell 5.5 per cent to $5.3 billion in February as sales of pesticide, fertilizer and other agricultural chemical products moved lower.

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Overall, manufacturing sales in constant dollars rose 0.1 per cent in February.

In a separate report, Statistics Canada said wholesale sales, excluding petroleum, petroleum products, and other hydrocarbons and excluding oilseed and grain, were essentially unchanged in February at $82.2 billion.

The result came as sales increased in four of the seven subsectors with the machinery, equipment and supplies subsector up 1.1 per cent at $17.6 billion in February, while the food, beverage and tobacco subsector fell 1.3 per cent to $14.6 billion.

Sales in the motor vehicle and motor vehicle parts and accessories subsector rose 0.8 per cent to $14.3 billion in February.

In volume terms, wholesale sales, excluding petroleum, petroleum products, and other hydrocarbons and excluding oilseed and grain, rose 0.2 per cent in February.

Statistics Canada started including oilseed and grain as well as the petroleum and petroleum products subsector as part of wholesale trade last year but is excluding the data from monthly analysis until there is enough historical data.

This report by The Canadian Press was first published April 15, 2024.

The Canadian Press