Manufacturing sales rose 2.3% in De­cem­ber

The Hamilton Spectator - - BUSINESS -

OT­TAWA — Manufacturing sales ex­ceeded ex­pec­ta­tions for a se­cond con­sec­u­tive month in De­cem­ber, ris­ing 2.3 per cent to $53.5 bil­lion, Statis­tics Canada says.

The growth, an­nounced Wed­nes­day, was pri­mar­ily fu­elled by higher sales of trans­porta­tion equip­ment, pe­tro­leum and coal prod­ucts. Sales of trans­porta­tion equip­ment rose 7.4 per cent to $11.2 bil­lion, while sales in the pe­tro­leum and coal prod­ucts in­dus­try were up 11.6 per cent to $5.2 bil­lion — the high­est since July 2015.

An­a­lysts had es­ti­mated growth of 0.2 per cent, ac­cord­ing to Thom­son Reuters.

Over­all, sales were up in eight of the 21 manufacturing in­dus­tries tracked.

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