News

Coal and oil sector bump manufacturing sales by 0.5% in August: Statistics Canada

Coal and oil sector bump manufacturing sales by 0.5% in August: Statistics Canada
Canada
Larger font Increase article font size

A+

Statistics Canada says manufacturing sales rose 0.5 per cent to $60.3 billion in August, helped by gains in the petroleum and coal sector and higher chemical sales.

The overall increase followed a decline of 1.2 per cent in July.

The increase came as petroleum and coal product sales climbed 7.3 per cent to $6.6 billion in August to reach their highest level since May 2019.

Chemical sales rose 6.3 per cent to a record high of $5.4 billion.

Meanwhile, the ongoing shortage of semiconductor chips hurt the motor vehicle sector which saw sales fall 8.7 per cent to $3.0 billion in August and wood product sales dropped 17.1 per cent to $3.3 billion mostly due to lower softwood lumber prices.
Read more on globalnews.ca
News Topics :
Similar Articles :
Business
OTTAWA Statistics Canada says manufacturing sales rose 0.5 per cent to $60.3 billion in August, helped by gains in the petroleum and coal sector and higher chemical sales. The...
Business
Statistics Canada says manufacturing sales rose 0.9 per cent to $54.2 billion in December, led by sales of wood products, transportation equipment, and petroleum and coal products. The agency says...
Business
OTTAWA Statistics Canada says manufacturing sales grew 0.3 per cent to $54.1 billion in October, led by the paper, and petroleum and coal industries. The agency says the rise...
Business
OTTAWA Statistics Canada says manufacturing sales rose 2.1 per cent to $59.2 billion in June, driven by production at auto assembly plants and higher sales of petroleum and coal...
Canada
Larger font Increase article font size A+ Statistics Canada says sales for food services and drinking places rose for the third month in a row in July, buoyed by the...