Manufacturing sales edged up in June, says Statistics Canada
The machinery industry gained 5.8 per cent at $2.7 billion, following five consecutive monthly declines
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Economists had expected a gain of 0.7 per cent, according to Thomson Reuters.
Statistics Canada says the increase was due to higher sales of machinery and transportation equipment products. On a constant dollar basis, overall sales gained 0.5 per cent, indicating a higher volume of goods sold.
The machinery industry gained 5.8 per cent at $2.7 billion, following five consecutive monthly declines, while the transportation equipment industry added 1.4 per cent to total $10.7 billion in June.
Manufacturing sales in June were up in four provinces, led by Ontario.
Ontario rose 1.4 per cent to $24.7 billion in June, while Alberta gained 1.8 per cent to $5.2 billion. New Brunswick fell 4.1 per cent to $1.3 billion.