Economic Indicators
Canada January factory sales most likely rose 0.4% -Statscan flash estimate
A factory worker works on an aircraft part, as the robot arm of an automated five-axis cell operates autonomously nearby, at Abipa Canada, in Boisbriand, Quebec, Canada May 10, 2023. REUTERS/Evan Buhler/File Photo
OTTAWA (Reuters) – Canadian factory sales most likely rose 0.4% in January from December, largely due to increases in the transportation equipment as well as machinery subsectors, Statistics Canada said in a flash estimate on Monday.
The estimate was calculated based on a weighted response rate of 69.1%. The average weighted response rate for the survey over the previous 12 months has been 94.4%
NOTE: All figures are seasonally adjusted.
