Following a 1.4% increase in April, Canadian manufacturing sales rose 0.4% to $71.4 billion in May, mainly driven by higher production in the aerospace product and parts industry group (+11.2%), followed by higher sales in the food (+1.4%) and paper (+5.5%) product subsectors. Meanwhile, sales of motor vehicles (-4.2%) and petroleum and coal products (-2.2%) decreased the most. Despite the monthly increase, total sales on a year-over-year basis were down 1.8% in May.
Sales in constant dollars rose 0.4% in May, while the Industrial Product Price Index was unchanged and the Raw Materials Price Index declined 1.0%.
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