Home / Market Update / Canada’s Manufacturing Sales Rise 20.7% in June

Canada’s Manufacturing Sales Rise 20.7% in June

Manufacturing sales in Canada grew by a record 20.7% to CAD 48.7 billion in June, after rising by 11.6% increase in May, according to data by Statistics Canada.

Many factories operated at a much higher capacity in June, with the capacity utilization rate for the total manufacturing sector increasing by 10.9% to 73.3%.

Sales were up in all 21 industries, led by the motor vehicle and motor vehicle parts industries.

Check Also

Yen Soars as Powell’s Remarks Spur Rate Cut Bets

The Japanese yen advanced sharply against the US dollar on Friday, as Federal Reserve Chair …