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Manufacturing sales rose 1.7 per cent to $49.5 billion in July: StatsCan
OTTAWA – Statistics Canada says manufacturing sales rose 1.7 per cent to $49.5 billion in July — far better than analysts had expected.
It says gains were recorded in 15 of 21 industries.
The agency says sales of durable goods rose 2.1 per cent to $24.8 billion. mostly due to higher sales in the miscellaneous manufacturing, fabricated metal product, and wood product industries.
Non-durable goods sales were up 1.2 per cent to $24.6 billion, largely as a result of an increase in the petroleum and coal product industry.
Constant dollar manufacturing sales were up 1.1 per cent, indicating that most of the overall increase was volume-based.
Sales rose in six provinces in July, led by Ontario, where they rose 3.2 per cent to $23.1 billion.
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