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

As Inflation Cools, US Stocks Surge

The US stock market experienced a significant rally on Friday, fueled by a cooler-than-expected inflation …