Statistics Canada says higher prices lifted manufacturing sales higher in March
Statistics Canada says higher prices lifted manufacturing sales higher in March
At the General Motors assembly plant in Oshawa, Ont., on March 19, 2021. (Nathan Denette / THE CANADIAN PRESS)
OTTAWA -
Statistics Canada says manufacturing sales rose 2.5 per cent to $70.2 billion in March, helped by higher prices.
The gains were led by the petroleum and coal product industry which increased 9.1 per cent in March, while sales of primary metals rose 6.5 per cent in March to $5.8 billion, a record high.
The agency says sales in constant dollars were unchanged in March, indicating the increase was driven by higher prices.
In a separate report, Statistics Canada says wholesale sales rose 0.3 per cent in March to $79.8 billion.
The gains came as the building material and supplies sector rose 3.8 per cent to $14.1 billion, while the motor vehicle and motor vehicle accessories and parts subsectors gained 2.6 per cent at $11.8 billion.
Wholesale sales in constant dollar terms fell 0.6 per cent.
This report by The Canadian Press was first published May 16, 2022
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