Profit decreases 26 percent year-over year in 2Q.
July 21, 2016
Higher municipal water product sales more than offset declines in flow instrumentation products.
Profit increased 10 percent for the period.
Industrial sales for the quarter were up 14.8 percent year-over-year.
Rental revenue decreased 1.3 percent in the quarter.
Profit grew 1.7 percent for the manufacturer of containerboard and corrugated packaging products.
In local currencies, sales increased 1 percent year-over-year.
Sales for the first half increased 2 percent year-over-year.
At the national level, apartment and condo spending drove the increase.
Year-to-date sales down 6 percent year-over-year.
Sales in Quebec and Ontario accounted for most of the gain.
Coincident Economic Index increased 0.3 percent, while Lagging Economic Index decreased 0.1 percent.
Year-to-date sales decreased 3.4 percent year-over-year.
Year-to-date sales increase 5.6 percent year-over-year.
Health care and social assistance and retail trade also contributed to the increase.
Sales for the first six months increased 1.6 percent year-over-year.
Year-to-date sales decreased 13.3 percent year-over-year.
Year-to-date sales down 0.9 percent year-over-year.
The index's three-month moving average, CFNAI-MA3, increased during the month.