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Canadian manufacturing sales surged 2.5% in July, the biggest gain in nearly two years, led by transportation and metals, though year-over-year sales remain lower.
Canadian manufacturing sales rose 2.5% to $70.3 billion in July, the largest increase in nearly two years, according to Statistics Canada, driven by gains in transportation equipment, petroleum, and primary metals.
The transportation sector saw a 8.6% jump, led by motor vehicle and parts sales, while wholesale sales also rose 1.2%.
Despite the monthly rebound, year-over-year sales remain 1.7% lower, and indicators like new orders declined and the PMI showed contraction, suggesting a gradual recovery.
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Las ventas de la industria manufacturera canadiense aumentaron un 2,5% en julio, la mayor ganancia en casi dos años, lideradas por el transporte y los metales, aunque las ventas interanuales siguen siendo más bajas.