Statistics Canada reports that Canada’s manufacturing sales increase 4.2% in April to $77.1 billion. Multiple outlets cite the petroleum and coal product sector as the main contributor, with sales jumping 22.6% to $11.8 billion and reaching a record high. The April increase follows a 25.5% rise in March for the same sector, with sources attributing the strength to higher production volumes as several refineries ramp up operations. The reporting indicates that overall manufacturing sales move higher on the back of this sector’s performance, reflecting an improvement in output and sales values compared with the previous month. The figures come from Statistics Canada’s monthly manufacturing sales data, which track sales across major manufacturing groups. While the petroleum and coal sector is highlighted as the key driver, the coverage is focused on the aggregate national change and the record-high result in that group.
Manufacturing sales rise 4.2% in April to $77.1B as petroleum and coal hit record
Statistics Canada reports that Canada’s manufacturing sales increase 4.2% in April to $77.1 billion. Multiple outlets cite the petroleum and coal product sector as the main contributor, with sales jum...
- Statistics Canada says manufacturing sales rise 4.2% in April to $77.1 billion.
- The petroleum and coal product group records a 22.6% sales increase in April to $11.8 billion.
- Petroleum and coal product sales reach a record high in April.
- The increase in April follows a 25.5% rise in March for petroleum and coal products.
- Several refineries are reported to have increased volumes as part of the sector’s stronger performance.
Sales reached $77.1-billion in April as the petroleum and coal product group hit a record high
15 hours agoOTTAWA — Statistics Canada says manufacturing sales rose 4.2 per cent to $77.1 billion in April, as the petroleum and coal product group hit a record high. Petroleum and coal product sales jumped 22.6 per cent to $11.8 billion, following a 25.5 per cent increase in March, helped by higher volumes as several refineries ramped […]
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