Posted March 16, 2011
Canada manufacturers see growth
Manufacturing sales in Canada increased 4.5% to $47.7 billion in January, the highest level since October 2008.
According to Statistics Canada, while the gains were widespread, the increase was mostly concentrated in the transportation equipment sector. The increase in total sales was the largest since July 2009 (+5.3%).
Constant dollar manufacturing sales rose 5.5% in January. Constant dollar sales were relatively stable over the latter half of 2010, before the gain in January.
Higher sales were reported in 17 of 21 industries, representing 87% of total manufacturing.
