Manufacturing sector rebounded in February: Statistics Canada

The manufacturing sector turned in its best performance since July 2011, posting a 2.6 per cent increase in sales for February. Statistics Canada reports that sales reached $49.6 billion. Durable goods rose 3.5 per cent, to $25.1 billion; non-durable goods rose 1.5 per cent to $24.5 billion.

The largest gains were in transportation equipment, which saw sales rise by 8.7 per cent to $8.1 billion. Most of this was due to the auto industry, but a 15.5 per cent increase in the aerospace product and parts industry also contributed.

Statistics-Canada-manufacturing-February-auto-industry-aerospace-chemicals-EDIWeekly

Sales of petroleum and coal products rose 2.4 per cent to $7.3 billion, the result of a 6.5 per cent rise in prices for the industry.

The other big contributors to the gains were food, where sales rose 1.9 per cent to 46.0 billion, and the “miscellaneous” manufacturing industries, where sales jumped 10.9 per cent.

The largest sales gains were seen in Ontario, rising 3.3 per cent to $22.4 billion. Most of this gain (60 per cent) was due to the auto industry, which advanced by 12.4 per cent. Chemicals and particularly the aerospace product and parts industry, up 26.2 per cent,  were also strong.

Quebec’s aerospace industry sales also grew by 16.1 per cent, to $791 million.

Unfilled orders increased 0.4 per cent to $69.6 billion in February, the fourth consecutive monthly gain.

In the aerospace product and parts industry, unfilled orders rose 1.0 per cent to $40.1 billion. This increase, Statistics Canada says, reflected a gain in the value of the US dollar relative to the Canadian dollar. A large proportion of aerospace unfilled orders are held in US dollars. Excluding the aerospace industry, unfilled orders for the rest of the manufacturing sector declined 0.5 per cent.

New orders declined 4.0 per cent to $49.9 billion, mostly the result of a decline in new aerospace orders.

Did you miss this?

Other Popular Stories

  • Long-term growth in residential construction centred in GTA
  • Elon Musk's green vision extends to the Tesla Semi, capable of hauling 80,000 pounds for up to 400 miles on a single 30 minute charge
  • Manufacturing the sole industry showing job losses in February
  • Canada's start-ups need more help to become global players: OCC
  • Manufacturing continues to grow but exports decline, increasing Canada's trade deficit in February
  • Magellan gets $110 million contract for Canadian satellite program
  • New Boeing 737 Max 8 crash mystery. Why did Lion Air flight 610 crash, killing 189 people, only 13 minutes after take-off?
  • Drop in manufacturing pushes industrial capacity use down in Q4 2012
  • Scientists Create Remarkable Graphene Filter
  • Ford hiring 1,000 at Oakville assembly plant
  • Aerospace is to Quebec what auto industry is to Ontario, and must be supported: Couillard
  • Technology supplier announces 18 per cent growth
  • Tesla Announces New All-Electric Semis
  • Colossal Fusion Project Set to Transform the Energy Industry
  • Manufacturing up in December amid uncertainty about future US-Canada relations
  • Financial risks associated with emissions limits for Canada for oil and gas industries
  • Audi Recall Announced Due to Emissions
  • Researchers claim breakthrough in artificial photosynthesis
  • Richard Browning invents super human 450 km per hour “Iron Man” flight suit (video)
  • Solar-powered nanoheaters offer solution for off-grid medical sterilization
Scroll to Top