Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

UPDATE 1-Canada Sept manufacturing sales unexpectedly rise on coal, petroleum

Published 2017-11-16, 08:40 a/m
Updated 2017-11-16, 08:50 a/m
© Reuters.  UPDATE 1-Canada Sept manufacturing sales unexpectedly rise on coal, petroleum

OTTAWA, Nov 16 (Reuters) - Canadian manufacturing sales unexpectedly rose in September, boosted by sales of petroleum and coal products, data from Statistics Canada showed on Thursday.

The 0.5-percent increase in total sales topped economists' forecasts for a 0.3 percent decline, while volumes rose 0.7 percent. August was downwardly revised to a gain of 1.4 percent from a previously reported 1.6 percent increase.

Still, the breadth of sales across sectors in September was not deep, with sales up in 7 out of 21 industries, accounting for just 28.9 percent of the manufacturing sector.

The petroleum and coal industry led the way with a 10.3 percent increase in sales, amid higher prices and volumes.

The gain was tempered by a 0.7 percent decline in the transportation sector as sales of motor vehicles and parts fell. Excluding vehicles, total manufacturing sales were up 1.4 percent.

Overall new orders declined by 1.7 percent after a strong gain in August and as there was less demand in the aerospace and vehicles industries.

<^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ Graphic - Canadian manufacturing sales

http://link.reuters.com/nem27s Graphic - Canada economic snapshot

http://tmsnrt.rs/2e8hNWV

^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.