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Manufacturing GDP increases in January

Published by Steve Coleman on March 30, 2012

Times are improving for Canadian manufacturers.

Statistics Canada says production was up for a fifth-straight month in January - this time up 0.7 per cent for the month.

The largest increase was in durable goods. Fabricated metal products, transportation equipment and wood products helped boost GDP in the sector by 0.8 per cent.

A labour dispute at a Quebec aluminum smelter led to a drop in primary metal manufacturing, while non-durable goods makers increased their worth by 0.6 per cent on the strength of better chemical and food production.

Paper and tobacco manufacturers produced less during the month.

In the resources sector, oil and gas extraction fell 0.9 per cent. Resource companies were forced to store more natural gas in both December and January. Support for miners and drillers rose 1.8 per cent as more companies were looking for rigging help.

More activity at coal mines helped push growth in mining (minus oil and gas) output by 0.4 per cent.

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