The value of Canadian factory sales increased by 0.6 per cent in June from May, pushed up by the chemical, petroleum and coal product industries, Statistics Canada said on Friday.
The increase – the fifth in six months – was greater than the 0.4 per cent advance predicted by market operators.
The total value of sales in June was $51.96-billion, the fourth highest on record, and the most since the $53.22-billion seen in July 2008. In volume terms, sales rose by 0.2 per cent.
Sales in the chemical industry rose 8.6 per cent, reflecting higher than usual pesticide and fertilizer sales. Colder and wetter weather in western grain-growing provinces delayed planting this year.
Excluding the chemical industry, total sales fell by 0.1 per cent.
Although inventories rose by 0.5 per cent, the rise in sales meant the inventory-to-sales ratio stayed at 1.39, the same level as in May.
Follow us on Twitter: