Manufacturing sales dip, but many sectors report gains
by The Canadian Press
Statistics Canada says that while overall sales dropped in October, more than 60 per cent of sectors reported higher sales
OTTAWA—Statistics Canada says manufacturing sales fell 0.6 per in October to $52.7 billion, the second drop this year.
October’s decline was slightly more than the 0.4 per cent loss that economists had estimated, according to Thomson Reuters.
Statistics Canada says the drop was due to lower production of aerospace products and parts.
It adds there was also a decrease in primary metal sales.
Statistics Canada says in spite of lower overall sales, manufacturers in 15 of 21 industries—representing more than 60 per cent of total manufacturing—reported higher sales in October.
It says sales in constant dollars fell 0.5 per cent, indicating that a lower volume of manufactured goods was sold.
