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Hexcel Sales Up 9.9% in 2Q

Industrial sales for the quarter were up 14.8 percent year-over-year.

Rental revenue decreased 1.3 percent in the quarter.

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Profit grew 1.7 percent for the manufacturer of containerboard and corrugated packaging products.

In local currencies, sales increased 1 percent year-over-year.

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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.

Profit decreases 26 percent year-over year in 2Q.

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.