Canada February factory sales most likely rose 0.7% -Statscan flash estimate Reuters via biedexmarkets.com

© Reuters. FILE PHOTO: A general view of the factory floor and numerous automated machines used in the production and manufacturing of aircraft parts, at Abipa Canada in Boisbriand, Quebec, Canada May 10, 2023. REUTERS/Evan Buhler

OTTAWA (Reuters) – Canadian factory sales most likely rose 0.7% in February from January, largely due to increases in the petroleum and coal subsector, Statistics Canada said in a flash estimate on Monday.

The estimate was calculated based on a weighted response rate of 64.8%. The average weighted response rate for the survey over the previous 12 months has been 94.3%.

NOTE: All figures are seasonally adjusted.

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