Canada April factory sales most likely down 0.2% – Statscan flash estimate
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 fell 0.2% in April from March, largely driven by the food and primary metal industries, Statistics Canada said in a flash estimate on Thursday.
The estimate was calculated based on a weighted response rate of 68.6%. The average weighted response rate for the survey over the previous 12 months has been 94.4%.
NOTE: All figures are seasonally adjusted.