Canada: Manufacturing sales rose 1.1% to $58.1 billion in June

"Manufacturing sales rose 1.1% to $58.1 billion in June, following a 1.5% increase in May," Statistics Canada announced on Thursday.

Key takeaways

• Sales of petroleum and coal products increased 15.9% in June.
• Several major refineries ramped up production levels following temporary shutdowns and spring maintenance that began in April and continued into May.
• Total manufacturing inventories increased 0.5% to $82.1 billion in June.
• The capacity utilization rate for the manufacturing sector rose from 82.8% in May to 83.5% in June. 
• New orders decreased 1.8% in June following a 5.2% increase in May.