Manufacturing sales climb in January
Third consecutive month of growth.
OTTAWA — Statistics Canada says manufacturing sales in January surpassed expectations, climbing 0.6% to $53.8 billion, helped by the petroleum and coal and chemical industries.
It was the third consecutive month of growth.
Economists had expected a decline of 0.2% for January, according to Thomson Reuters.
Statistics Canada says sales were up in 14 of 21 industries, representing 75.4% of the manufacturing sector.
The petroleum and coal products industry climbed 7% to $5.5 billion, while the chemical manufacturing industry gained 2.5% to $4.5 billion.
Overall sales in constant dollars gained 0.7%, suggesting a higher volume of goods sold.News from © Canadian Press Enterprises Inc. 2016