Manufacturing sales stumbled in April, says Statistics Canada
by The Canadian Press
Food, aerospace products and parts, and petroleum and coal products led the decline
OTTAWA—Statistics Canada says manufacturing sales fell 2.1 per cent to $49.8 billion in April as sales of food, aerospace products and parts, and petroleum and coal products dropped.
Economists had expected a drop of 0.5 per cent, according to Thomson Reuters.
It was the third decline in four months.
Sales were lower in eight of 21 industries, accounting for nearly two-thirds of total Canadian manufacturing.
In constant dollar terms sales fell 1.0 per cent, indicating that a lower volume of goods was sold in April.
April sales dropped in every province except Manitoba with nearly two-thirds of the overall decline attributable to Quebec where sales fell 5.4 per cent.