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MNI BRIEF: Canadian August Flash Factory Rise

Preliminary data shows Canadian factory sales rose 0.5% in August.

(MNI) OTTAWA
(MNI) Ottawa

Canadian factory sales rose 0.5% in August according to a flash government estimate, a welcome sign after the economy shrank in the second quarter and an advance figure for July suggested the third quarter began with a further decline.

Factory gains were led by energy, chemicals and metals, Statistics Canada said Wednesday. The agency's official figures showed sales fell 1.5% in July.

MNI Ottawa Bureau | +1 613-314-9647 | greg.quinn@marketnews.com
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MNI Ottawa Bureau | +1 613-314-9647 | greg.quinn@marketnews.com
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