Manufacturing sales up 0.8% in June: StatsCan
Sales of machinery and transportation equipment products led increases.
OTTAWA — Statistics Canada says manufacturing sales gained 0.8% to $50.2 billion in June after losing 1% in May.
Economists had expected a gain of 0.7%, according to Thomson Reuters.
Statistics Canada says the increase was due to higher sales of machinery and transportation equipment products. On a constant dollar basis, overall sales gained 0.5%, indicating a higher volume of goods sold.
The machinery industry gained 5.8% at $2.7 billion, following five consecutive monthly declines, while the transportation equipment industry added 1.4% to total $10.7 billion in June.
Manufacturing sales in June were up in four provinces, led by Ontario.
Ontario rose 1.4% to $24.7 billion in June, while Alberta gained 1.8% to $5.2 billion. New Brunswick fell 4.1% to $1.3 billion.