Manufacturing sales increased 3.1% in January, exceeding expectations

  • Manufacturing sales rise 3.1% in January.
  • The CAD was unchanged after the report.

Manufacturing sales in Canada totaled C $ 56.2 billion, the statistics agency revealed on Monday. The data implied an increase of 3.1% compared to December, a figure higher than the 2.5% increase in the market consensus. In December they had increased 0.9%.

Sales were up in 16 of the 21 industries. In terms of constant dollars, the advance was 1.1%, which implies higher sales volumes in January.

The industrial prices they rose 2.5% according to preliminary estimates.

The USD / CAD it remained around 1.2460 / 70, after the data. At the same time, the Empire manufacturing report was published in the US.

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