Canada: Manufacturing sales increased 1.6% to $53.5 billion in August
|"Manufacturing sales increased 1.6% to $53.5 billion in August, following two consecutive monthly declines," the Statistics Canada reported on Wednesday.
Key highlights:
- The gain was mainly attributable to higher sales in the transportation equipment, and petroleum and coal product industries.
- Sales were up in 8 of the 21 industries, representing 66% of the Canadian manufacturing sector.
- Once price changes are taken into account, sales volume in the manufacturing sector rose 1.2% in August.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.