By Robb M. Stewart
OTTAWA--Canadian factory trade looks to have rebounded in April, led by an increase in sales of transportation equipment.
An early estimate of manufacturing sector sales indicates a rise of 1.2% last month, Statistics Canada said Friday.
The estimate was based on a weighted response rate to Statistics Canada's survey of roughly 65%. The official survey results, based on more complete data, are scheduled to be released June 14.
Sales in March dropped 2.1% from the month before to a seasonally adjusted 69.88 billion Canadian dollars, the equivalent of about $50.9 billion, the data agency reported earlier this month. The decline, the sharpest in five months, was driven by lower shipments of petroleum and motor vehicle.
Write to Robb M. Stewart at robb.stewart@wsj.com
(END) Dow Jones Newswires
05-24-24 0854ET
