Manufacturing bright spot

Statistics Canada says manufacturing sales rose more than expected in June, boosted by the petroleum and coal 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.



More Business News

58627
133854
Data from CryptoCompare
Recent Trending
132250
Okanagan Oldies
59845
Castanet Proud Member of RTNDA Canada
134170
Press Room
52157