Record Increase In Manufacturing Sales

Manufacturing sales rose by a record 20.7 per cent to $48.7 billion in June, following an 11.6 per cent increase in May, says Statistics Canada. Many factories operated at a much higher capacity in June, with the capacity utilization rate (not seasonally adjusted) for the total manufacturing sector increasing 10.9 percentage points to 73.3 per cent. Still, the capacity utilization rate remained eight percentage points below the June 2019 level (81.3 per cent). Sales were up in all 21 industries, led by the motor vehicle and motor vehicle parts industries. Nevertheless, total manufacturing sales in June were 13.2 per cent below their pre-pandemic level in February. In real (or volume) terms, manufacturing sales increased 18.4 per cent, indicating a higher volume of products sold in June. Manufacturing sales were up in eight provinces in June, with Ontario and Quebec accounting for 92.4 per cent of the national increase.