Canada June manufacturing sales +1.1% vs +1.0% expected

June manufacturing sales data

• Prior was +1.4%

• Sales at $58.1 billion
• Volume terms +0.7%
• Ex-autos +0.9%
• Utilization 83.5% vs 82.8% prior
• Inventories +0.5% to $82.1 billion

The increase in June was mainly due to sharply higher sales in the petroleum and coal product industry (+15.9%), while sales were down in the chemicals (-4.5%) and food manufacturing industries (-1.7%), StatsCan reported.