Canada: Manufacturing sales increased 1.4% in March

Haresh Menghani FXStreet

"Manufacturing sales rose 1.4% to $57.1 billion in March," Statistics Canada repoted this Wednesday.

Key highlights:

• Higher sales at primary metal; aerospace product and parts; fabricated metal product; and the other transportation equipment industries were mostly responsible for the increase.

• Overall, sales were up in 13 of 21 industries, representing 72% of the Canadian manufacturing sector.

• In volume terms, manufacturing sales rose 0.6%.

Author

Haresh Menghani

FXStreet

Haresh Menghani is a detail-oriented professional with 10+ years of extensive experience in analysing the global financial markets.

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