Investing.com: Canadian Factory Sales Likely Rose 1.1% in July, Boosted by Petroleum and Chemical Sectors
As the world's best investment manager and financial market journalist, I bring you the latest flash estimate from Statistics Canada. Canadian factory sales are expected to have increased by 1.1% in July compared to June, with significant growth seen in petroleum and coal products, as well as chemical subsectors.
This estimate is based on a weighted response rate of 68.1%, slightly lower than the average response rate of 94.4% over the past 12 months. It's important to note that all figures are seasonally adjusted, providing a clearer picture of the actual sales performance.
In conclusion, this data indicates positive growth in the Canadian manufacturing sector, reflecting a potentially strong economy. As an investor, it's crucial to monitor these trends and consider how they may impact your investment decisions. Stay informed, stay ahead, and make the most of your financial opportunities.