Posted AT 8:56 AM EST on 16/07/08
Manufacturing sales soar in May
OTTAWA — Manufacturing sales soared 2.7 per cent in May from a month earlier – the largest increase in well over a year, and the fourth increase in five months.
The jump surpassed economists' expectations of a 0.5 per cent rise in shipments in May from a month earlier, following a robust 2.0 per cent in jump in April.
However, May sales still remained below last year's levels.
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