UPDATE 3-Canada manufacturing sales rebound sharply in November

Fri Jan 18, 2013 11:09am EST
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

* Sales rise 1.7 percent vs estimate of 1.0 percent gain

* Volumes rise; unfilled orders highest in over three years

* Data points to modest November, 4th-quarter growth

* Analysts see interest rates on hold

OTTAWA, Jan 18 (Reuters) - Canadian manufacturing sales bounced back in November after a dismal performance in October, offering a glimmer of hope for growth amid a string of disappointing data and weak global demand for the country's goods.

Factory sales climbed 1.7 percent in the month, above forecasts for a 1 percent gain, on strength in the transportation equipment, primary metal and chemical industries, Statistics Canada said on Friday.

That more than compensated for the 1.2 percent slump in sales in October but still left sales below the peak registered just before the 2008-09 recession.