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Canada manufacturing sales rise in June, topping expectations

Excluding petroleum and coal, manufacturing sales climbed 2.6% month over month, while inventories increased 0.6% to $126.8 billion.

Reported · Written up by our desk · EM Currencies

Canada manufacturing sales in June rose 0.1% month over month, outperforming expectations for a 0.1% decline, according to Forexlive.

Sales totaled $78.8 billion, marking the fifth consecutive monthly increase, and were up 14.5% year over year.

The report said excluding petroleum and coal, manufacturing sales increased 2.6% month over month, with constant-dollar sales up 1.2% indicating underlying volume gains.

Forexlive also noted manufacturing inventories rose 0.6% to $126.8 billion in June, and that unfilled orders reached a record high alongside strong second-quarter data.

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