Market news
16.08.2016, 12:39

Canadian manufacturing sales rose 0.8%

Manufacturing sales rose 0.8% to $50.2 billion in June, following a 1.0% decline in May.

Higher sales of machinery and transportation equipment products were largely responsible for the gain. Nearly three-quarters of the increase in June was attributable to these two industries.

Overall, sales were up in 15 of 21 industries, representing 62% of the manufacturing sector. Durable goods rose 1.6% to $27.0 billion, while non-durable goods decreased 0.1% to $23.2 billion. Constant dollar sales increased 0.5%, indicating a higher volume of goods sold.

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