Statistics Canada says manufacturing sales up in February, wholesale sales down

manufacturing sales were higher in 14 of 21 industries to make it the fifth consecutive month of gains.

Statistics Canada said the blockades contributed to a 5.0 per cent drop in exports of motor vehicles and parts in February. “Admittedly, price gains played a role in the nominal sales gain, with producer prices increasing by 3.1 per cent, but sales volumes still increased by a solid 2.2 per cent, more than reversing the Omicron-related dip in January,” Ashworth wrote in a report.

In addition to the gain in the motor vehicle sector, sales of food products gained 5.3 per cent on grain and oilseed milling and meat products, while petroleum and coal industry sales rose 6.7 per cent, due in large part to higher prices.Meanwhile in a separate report, Statistics Canada said wholesale sales fell 0.4 per cent in February to $78.8 billion, the first drop since July 2021.

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