By Robb M. StewartOTTAWA--An advance estimate points to a further advance in Canadian factory trade in May, led by sales of aerospace products and parts and food products. An early estimate of manufacturing sector sales indicates a rise of 0.2% last month, Statistics Canada said Tuesday. The May estimate was based on a weighted response rate to Statistics Canada's survey of 67.6%. The rebound from weakness in March marked the strongest increase in five months as motor vehicle sales recovered despite the auto industry continuing to be squeezed by retooling at some assembly plants for new vehicle models. Write to Robb M. Stewart at robb.stewart@wsj.com(END) Dow Jones NewswiresJune 25, 2024 09:03 ET (13:03 GMT)Copyright (c) 2024 Dow Jones & Company, Inc.

Source: Wall Street Journal June 25, 2024 13:42 UTC