Manufacturing sales edge up 0.1% in July

Sept. 16, 2016 – Statistics Canada says manufacturing sales were below expectations in July, edging up 0.1 per cent to $50.7 billion.

Economists had expected a gain of 1.0 per cent, according to Thomson Reuters.

On a constant-dollar basis, sales increased 0.6 per cent, indicating that a higher volume of goods was sold in July.

Sales were up in nine of 21 industries, representing about 54 per cent of the manufacturing sector.

The food industry gained 1.9 per cent to $8.5 billion in July, while the primary metals industry grew by 2.9 per cent to $3.7 billion.

Sales of petroleum and coal products climbed 2.5 per cent to $4.3 billion.

News from © Canadian Press Enterprises Inc. 2016