Canada: Manufacturing sales rose 1.1% to $58.1 billion in June
|"Manufacturing sales rose 1.1% to $58.1 billion in June, following a 1.5% increase in May," Statistics Canada announced on Thursday.
Key takeaways
- Sales of petroleum and coal products increased 15.9% in June.
- Several major refineries ramped up production levels following temporary shutdowns and spring maintenance that began in April and continued into May.
- Total manufacturing inventories increased 0.5% to $82.1 billion in June.
- The capacity utilization rate for the manufacturing sector rose from 82.8% in May to 83.5% in June.
- New orders decreased 1.8% in June following a 5.2% increase in May.
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