Canada: Manufacturing sales rose 1% in January vs 0.4% expected
|"Manufacturing sales increased 1.0% to $57.1 billion in January, following three consecutive monthly decreases," Statistics Canada reported on Friday.
Key takeaways from the press release
- Sales rose in 15 of 21 industries, representing 55.9% of total manufacturing sales.
- In volume terms, manufacturing sales rose 1.4%.
- The unadjusted capacity utilization rate for the manufacturing sector increased from 75.8% in December to 78.4% in January.
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