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The Canadian Press
   

Statistics Canada reports manufacturing sales fell 1.2% in June

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Sales in the petroleum and coal product industry fell 3.8% in June and food industry sales dropped 2.5% in June

OTTAWA – Statistics Canada says manufacturing sales fell 1.2 per cent to $58 billion in June, led lower by a drop in the petroleum and coal product and food industries.

Economists on average had expected a drop of 1.7 per cent for the month, according to the financial markets data firm Refinitiv.

The move lower compared with a 1.6 per cent increase in May.

Sales were down in 16 of 21 industries, representing 68 per cent of total manufacturing sales.

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Sales in the petroleum and coal product industry fell 3.8 per cent to $6.3 billion in June as refineries reported lower sales, due to lower prices. Food industry sales dropped 2.5 per cent to $8.7 billion in June.

Manufacturing sales in volume terms fell 0.2 per cent in June.

 

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