Investing.com – Canadian manufacturing sales rose more-than-expected in March, official data showed on Monday.
In a report, Statistics Canada said that manufacturing sales rose by a seasonally adjusted 1.9% in March, after dropping by -1.8% in February, whose figure was revised from a decline of -1.5%.
Economists had expected manufacturing sales to rise by 1.6% in March.
Manufacturing sales in March rose to CAD47.5 billion. The transportation equipment industry accounted for just over half of the gain. Sales also rose in the machinery and paper industries.
The data showed that higher sales were reported in 15 of 21 industries, representing 80.0% of total manufacturing.
Following the release of the data, the Canadian dollar was down against its U.S. counterpart, with USD/CAD climbing 0.6% to hit 0.9742.
In a report, Statistics Canada said that manufacturing sales rose by a seasonally adjusted 1.9% in March, after dropping by -1.8% in February, whose figure was revised from a decline of -1.5%.
Economists had expected manufacturing sales to rise by 1.6% in March.
Manufacturing sales in March rose to CAD47.5 billion. The transportation equipment industry accounted for just over half of the gain. Sales also rose in the machinery and paper industries.
The data showed that higher sales were reported in 15 of 21 industries, representing 80.0% of total manufacturing.
Following the release of the data, the Canadian dollar was down against its U.S. counterpart, with USD/CAD climbing 0.6% to hit 0.9742.