Manufacturing sales climb in January

Third consecutive month of growth.

March 17, 2017   by CP Staff

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.

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