trending Market Intelligence /marketintelligence/en/news-insights/trending/DTjBL2QBPljhPmVfIq498Q2 content esgSubNav
In This List

Canada manufacturing sales rebounded more than expected in August

Blog

Insight Weekly: Bank boards lag on gender parity; future of office in doubt; US LNG exports leap

Blog

Insight Weekly: Job growth faces hurdles; shale firms sit on cash pile; Africa's lithium future

Podcast

Street Talk | Episode 99 - Higher rates punish bond portfolios, weigh on bank M&A

Blog

Insight Weekly: Loan growth picks up; US-China PE deals fall; France faces winter energy crunch


Canada manufacturing sales rebounded more than expected in August

Seasonally adjusted manufacturing sales in Canada ended a two-month decline in August, rising 0.8% month over month to C$57.58 billion, Statistics Canada reported.

The consensus estimate of economists polled by Econoday was for a 0.65% monthly gain.

Sales in the transportation equipment industry climbed 2.8% month over month to C$11.49 billion in August, and sales of fabricated metal products rose 3.6% to C$3.53 billion.

Other industries that recorded higher sales in August included plastics and rubber products and food manufacturing, which saw gains of 2.8% and 0.5%, respectively.

Sales of petroleum and coal products fell 1.7%, marking their third consecutive monthly decline. Sales of machinery went down 1.6% and sales of furniture and related products dropped 2.8%.