Canada: Manufacturing sales increased 1.6% to $53.5 billion in August

Eren Sengezer FXStreet

"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.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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