Canadian Manufacturing

Manufacturing sales slipped 1.8 per cent, says Statistics canada

The drop, which followed three months of gains, came from lower sales in the petroleum and coal products sector, transportation equipment and chemical industries

August 17, 2017  by The Canadian Press

OTTAWA—Statistics Canada says manufacturing sales fell in June, following three consecutive months of gains.

The federal agency says manufacturing sales slipped 1.8 per cent to $53.9 billion in June.

The drop came due to lower sales in the petroleum and coal product, transportation equipment and chemical industries.

Sales fell in 15 of 21 industries, representing 72.1 per cent of the manufacturing sector in Canada.

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Non-durable goods dropped 2.2 per cent, while durable goods slipped 1.5 per cent.

Sales fell 1.0 per cent in constant dollars, indicating a lower volumes of manufactured goods were sold in June.