Canada’s manufacturing sales rose 1.4% to $71 billion in July, driven higher by the energy sector.
Specifically, manufacturing sales of petroleum and its coal and chemicals subsectors led to the July advance in manufacturing sales, said Statistics Canada.
While sales grew in July, the result marked a slowdown from an increase of 1.7% in June, providing further evidence that the Canadian economy is cooling.
Ottawa-based Statistics Canada said sales of petroleum and coal increased 6.7% to $8.6 billion in July as refineries sold more product.
Chemical product sales gained 5.3% in July to $5.6 billion, boosted by increased sales of pharmaceutical and medicine products.
On the flipside, sales of wood products declined 4.8% to $2.9 billion in July, which was the lowest level since May 2023.
Statistics Canada said that, in constant dollar terms, overall manufacturing sales rose 0.9% in July.
