Canada: Manufacturing Sales Rise by 3.5% in March

Manufacturing Sales in Canada increased by 3.5% to the highest level since June 2019 at $57.8 billion in March, the data published by Statistics Canada revealed on Friday. This reading came in line with the market expectation.

“The capacity utilization rate (not seasonally adjusted) for the total manufacturing sector increased from 75.5% in February to 80.1% in March, the highest level since October 2019, driven by higher production,” the publication further read.