Manufacturing sales, wholesale trade climb in August: Statistics Canada
BNN Bloomberg
Two key indicators of the economy climbed in August as Statistics Canada says manufacturing sales rose 0.7 per cent to $72.4 billion that month, while wholesale trade sales excluding petroleum, petroleum products and other hydrocarbons, and excluding oilseed and grain, increased 2.3 per cent to $83 billion.
StatCan says manufacturing sales were boosted by the petroleum and coal, food and machinery subsectors.
The agency says sales of petroleum and coal products rose 10.5 per cent to $8.4 billion in August on higher volumes and prices, while sales of food products rose 1.5 per cent to $12.6 billion in August, the highest level on record.
It attributes the overall monthly increase to higher prices as sales in real terms decreased 0.7 per cent in August.
