Canada’s manufacturing sales rose 4.3% in October, driven by gains in the automotive sector and primary metal industry.
Statistics Canada reported that October manufacturing sales climbed $61.2 billion after posting a 2.8% decline in September.
Sales increased in 17 of 21 industries in October as a rebound in motor vehicle sales helped boost the transportation equipment sector. Motor vehicle sales rose 61% to $3.1 billion in October after falling 35.8% in September.
Primary metal industry sales rose 4% to $5.4 billion in October, driven by higher sales of aluminum products.
The gains were partially offset by sales of aerospace products and parts, which fell 8.3% to $1.4 billion in October.
Statistics Canada says that manufacturing sales in constant dollars rose 3.1% in October, indicating a higher volume of goods sold, but also inflationary pressures.
