Manufacturing Sales Rise
Manufacturing sales increased for the third consecutive month, rising seven per cent to $53.1 billion in July on higher sales of motor vehicle and parts, says Statistics Canada. Nevertheless, manufacturing sales remained 5.4 per cent below February's pre-pandemic levels. Excluding the transportation industry, manufacturing sales grew 3.3 per cent. Sales rose in 13 of 21 industries, representing more than two-thirds of total sales in the manufacturing sector. Capacity utilization rates rose as many industries continued to ramp up production. Manufacturing sales in constant dollars increased 6.1 per cent, indicating a higher volume of products sold in July.