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StatCan reports manufacturing sales up 1.5 per cent in August
Primary metals hit a record $7.6 billion as wholesale sales excluding petroleum and grain also fell, Statistics Canada said.
- Statistics Canada reported total manufacturing sales rose 1.5 per cent to $79.9 billion in August, though sales remained unchanged when adjusted for inflation.
- Primary metal subsector sales surged 14.0 per cent to a record $7.6 billion, while the chemical subsector increased 4.4 per cent to $6.2 billion, driving overall manufacturing gains.
- Conversely, transportation equipment sales fell 2.6 per cent to $12.0 billion, offsetting strength seen in metals and chemicals and reflecting mixed August performance.
- According to a separate report by The Canadian Press, wholesale sales fell 1.6 per cent to $91.6 billion in August, excluding petroleum; volume-based wholesale sales dropped 1.8 per cent.
- Statistics Canada has begun including oilseed, grain, and petroleum subsectors in wholesale trade data but excludes them from monthly analysis pending sufficient historical comparison data.
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On Thursday, Statistics Canada reports that sales in the manufacturing sector increased by 1.5% in August, reaching $79.9 billion, thanks in part to the strong performance of the metal processing and chemical manufacturing subsectors.
·Montreal, Canada
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The Toronto Star+8 Reposted by 8 other sources
StatCan reports manufacturing sales up 1.5 per cent in August
OTTAWA - Statistics Canada says total manufacturing sales rose 1.5 per cent to $79.9 billion in August, helped by strength in the primary metal and chemical subsectors.
·Toronto, Canada
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Manufacturing sales in Canada rose 1.5% month-on-month in August to C$79.9 billion. This marked the strongest monthly increase since April, following a 1.1% rise in the global economy...
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Total News Sources12
Leaning Left6Leaning Right0Center4Last UpdatedBias Distribution60% Left
Bias Distribution
- 60% of the sources lean Left
60% Left
L 60%
C 40%
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