Canada March factory sales rise on metals, aerospace
OTTAWA – Canadian manufacturing sales increased more than expected in March on strength in primary metals, aerospace products and parts, fabricated metals and other transportation equipment, Statistics Canada reported on Wednesday.
Factory sales rose 1.4%, surpassing the 1.2% gain expected by economists, and February's increase was upwardly revised to 2.7% from a previously reported 1.9%.
Volume rose a more modest 0.6% in March.
Sales of primary metals rose 4.2%, building on a 4.4% increase in February. Iron and steel mills and ferro-alloy as well as alumina and aluminum production and processing industries posted the largest sales gains in the month.
In the aerospace industry, production increased 10.6% in March after a 4.0% gain in February, boosted by the depreciation of the Canadian dollar.
Sales were up by 4.6% in the fabricated metal product industries, by 37.4% in other transportation equipment and by 3.7% in the wood product industries.
The gains were partly offset by a 2% decline in the motor vehicle industry, a 1.7% drop in machinery and a 3.4% decrease in computer and electronic products.
Inventories rose 0.7% to a record high, making for a sixth consecutive monthly increase, driven by gains in the transportation, chemical and plastic and rubber product industries.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation