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CA Monthly Survey of Manufacturing, July 2024
Following a 1.7% decrease in June, Canadian manufacturing sales rose 1.4% to $71.0 billion in July, driven by higher sales of petroleum and coal (+6.7%) and chemical (+5.3%) products. Sales in the wood product subsector (-4.8%) declined the most. Despite the monthly increase, total sales on a year-over-year basis were down 1.1% in July. Sales in constant dollars rose 0.9% in July, while the Industrial Product Price Index was unchanged and the Raw Materials Price Index rose 0.7%. Following a 0.4% increase in June, sales in the petroleum and coal product subsector rose 6.7% to $8.6 billion in July. Most refineries sold ... (full story)