By Commodity News Service Canada
WINNIPEG, March 17 – The following is a glance at the news moving markets globally.
– American factory output was higher in February, marking the sixth consecutive month the sector has gained.
In February, manufacturing production in the US was up 0.5 per cent, reports out of the country said.
– Canadian manufacturing sales rose for the third consecutive month, up 0.6 per cent to C$53.8 billion in January. The gain stemmed from a 2.3 per cent increase in non-durable goods sales, led by the petroleum and coal, and chemical industries, Statistics Canada said in a report on Friday.
Sales were up in 14 of 21 industries, representing 75.4 per cent of the total Canadian manufacturing sector.
In constant dollars, sales increased 0.7 per cent, indicating that higher volumes of manufactured goods were sold in January.