Canadian Manufacturing

Manufacturing sales dipped in March, says Statistics Canada

In constant dollar terms, however, sales were up 0.1 per cent in March, suggesting that higher volumes of manufactured goods were sold.



OTTAWA—Statistics Canada says manufacturing sales fell 0.9 per cent to $50 billion in March, due to lower sales of transportation equipment and primary metals.

It was the second consecutive monthly decline.

Economists had expected a drop of 1.8 per cent, according to Thomson Reuters.

Statistics Canada says sales were down in 16 of 21 industries.

Transportation equipment sales fell 3.4 per cent to $10.8 billion in March, while primary metal sales fell 5.6 per cent to $3.5 billion.

In constant dollar terms, sales were up 0.1 per cent in March, suggesting that higher volumes of manufactured goods were sold.

Related Posts from the network