Forgot your account information?  |  Create a CME account

Aerospace production grows amid manufacturing sales decline in May

Published by Stephanie Brooks on July 17, 2012

While manufacturing sales declined 0.4 per cent to $48.7 billion in May, the fourth decrease in five months, production in the aerospace product and parts industry saw massive growth.

Production in aerospace rose 65.8 per cent to $1.5 billion, following a 34.8 per cent decrease in April, according to Statistics Canada's monthly survey of manufacturing, released today.

This rise offsets the sales drop in petroleum experienced in May, falling 9.6 per cent to $6.4 billion. The drop reflected temporary shutdowns at some refineries and lower prices.

Sales declines were also reported by manufacturers in the machinery (-3.5 per cent) and other transportation equipment (-26.1 per cent) industries.

In the fabricated metal product industry, sales rose 2.8 per cent, and 1.6 per cent in the motor vehicle industry. Sales in the motor vehicle industry were at their highest level since November 2007.

Constant dollar sales grew 0.2 per cent in May, reflecting a rise in the volume of durable goods sold.

Manufacturing employment has continued to increase despite four monthly declines in overall manufacturing sales this year. Employment rose 2 per cent in May, according to the Labour Force Survey. Since January 2012, employment in the manufacturing sector has risen to 1.8 million workers.

 

 

 

Found in: news

National Office

Alberta British Columbia
Manitoba New Brunswick
Newfoundland & Labrador Nova Scotia
Ontario Québec
Prince Edward Island Saskatchewan