Canadian manufacturing sales up 1.1% in June

August 16, 2018 – Statistics Canada says manufacturing sales rose more than expected in June, boosted by the petroleum and coal product industry.

The agency says manufacturing sales were up 1.1 per cent to $58.1 billion in June.

Economists had expected an increase of 0.9 per cent in June, according to Thomson Reuters Eikon.

The move higher followed a 1.5 per cent increase in May.

The growth came as sales of petroleum and coal products increased 15.9 per cent in June, offset in part by a drop in chemical products, which fell 4.5 per cent in June.

In constant dollars, manufacturing sales were up 0.7 per cent in June.

News from © The Canadian Press Enterprises 2018