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Global markets: CDN manufacturing sales higher than expected

By Commodity News Service Canada

WINNIPEG, January 19 – The following is a glance at the news moving markets globally.

– Manufacturing sales rose 1.5 per cent in November to C$51.8 billion, following a 0.6 per cent decline in October. The increase was mainly the result of higher sales in the primary metal, petroleum and coal product, and chemical manufacturing industries.

Sales were up in 14 of the 21 industries, representing 68 per cent of Canadian manufacturing sales.

Manufacturing sales were higher than analysts had expected, with estimates reaching about one per cent.

– US jobless claims in the week ending January 14 dropped by 15,000 to a seasonally adjusted 234,000.

Analysts had expected an increase, reports say, and claims sit at their lowest levels in decades, which indicates a healthy labour force.

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