Statistics Canada says higher prices lifted manufacturing sales higher in March & More News Here

OTTAWA – Statistics Canada says manufacturing sales rose 2.5 per cent to $70.2 billion in March, helped by higher prices.

The good points have been led by the petroleum and coal product business which elevated 9.1 per cent in March, whereas sales of major metals rose 6.5 per cent in March to $5.8 billion, a report excessive.

The company says sales in fixed {dollars} have been unchanged in March, indicating the rise was pushed by higher prices.

In a separate report, Statistics Canada says wholesale sales rose 0.3 per cent in March to $79.8 billion.

The good points got here because the constructing materials and provides sector rose 3.8 per cent to $14.1 billion, whereas the motorcar and motorcar equipment and elements subsectors gained 2.6 per cent at $11.8 billion.

Wholesale sales in fixed greenback phrases fell 0.6 per cent.

This report by The Canadian Press was first revealed May 16, 2022.

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