The FINANCIAL — Canadian manufacturing sales surged in March, posting the biggest one-month gain in nearly four years, on strong demand for cars and aerospace components, according to Nasdaq,
Factory shipments advanced 2.9% from a month earlier to 51.02 billion Canadian dollars ($42.52 billion), Statistics Canada said on May 15, blasting past expectations were for a 1% advance, according to economists at Royal Bank of Canada.
Sales volumes in March rose by an identical 2.9%%.
February’s data were revised, and indicated factory shipments declined at a steeper pace than expected, 2.2% versus the previous 1.7% estimate. For the first quarter of 2015, sales fell 2.9% from the previous three-month period, marking the sharpest decline in the post-crisis period.
On a 12-month basis, manufacturing sales edged upward by 0.3%.
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