Canadian Factory Sales Likely Rose 0.7% in February
Increased Sales in Petroleum and Coal Subsector
Canadian factory sales are expected to have risen by 0.7% in February compared to January, with the petroleum and coal subsector driving much of the growth, according to a flash estimate from Statistics Canada released on Monday.
Weighted Response Rate Insights
The estimate was based on a weighted response rate of 64.8%. It is important to note that the average weighted response rate for the survey over the previous 12 months has been 94.3%, providing valuable insights into the data accuracy.
Seasonal Adjustment Reminder
All figures mentioned are seasonally adjusted, ensuring a fair comparison across different time periods and eliminating the impact of seasonal fluctuations on the data.
Canadian factory sales are showing signs of a positive trend, driven by specific sectors like petroleum and coal. The weighted response rate offers a glimpse into the survey’s reliability, highlighting the importance of accurate data collection methods. Seasonal adjustments further enhance the credibility of the figures, providing a more accurate portrayal of the economic landscape.
