Following a 2.1% increase in October, total manufacturing sales rose 0.8% to $71.5 billion in November, on higher sales in 13 of 21 subsectors. The aerospace product and parts industry group (+9.3%) and the petroleum and coal product subsector (+2.6%) were mainly responsible for the gain. Meanwhile, sales of motor vehicle parts posted the largest decrease, declining 3.7% to $2.8 billion in November. On a year-over-year basis, total manufacturing sales were down 0.4% in November.
Sales in constant dollars were unchanged in November, while the Industrial Product Price Index rose 0.6% during the same period.
The Canadian dollar depreciated 1.6% against the US dollar from October to November and had a positive impact on businesses whose transactions were completed in US dollars. The impact of depreciation of the Canadian dollar is most noticeable in the transportation equipment and primary metal subsectors where exports make up a more significant proportion of sales.
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