off-the-wire

Canada January factory sales most likely down 3.3% - Statscan flash estimate

Kitco Media
By Reuters
Published:
Updated:
Reuters
Canada January factory sales most likely down 3.3% - Statscan flash estimate teaser image

Feb 24 (Reuters) - Canadian factory sales most likely fell 3.3% in January from December, largely driven by lower sales in the transportation equipment and machinery subsectors, Statistics Canada said in a flash estimate on Tuesday.

The estimate was calculated based on a weighted response rate of 71.9%. The average weighted response rate for the survey over the previous 12 months has been 92.9%.

NOTE: All figures are seasonally adjusted.

(Reporting by Dale Smith; editing by Promit Mukherjee) ((ismail.shakil@tr.com, opens new tab))

Keywords: CANADA ECONOMY/MANUFACTURING

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