Manufacturing sales down 0.6 percent in November
Losses were partly offset by by gains in transportation and fabricated metal industries
January 21, 2020
by
The Canadian Press (CPSTF)
OTTAWA – Canadian manufacturing sales fell more than expected in November as sales in the primary metal, chemical and food industries moved lower, offset in part by gains in the transportation and fabricated metal industries.
Statistics Canada says the value of manufacturing sales fell 0.6 percent to $57.0 billion in November, its third consecutive monthly decrease.
Economists had expected a drop of 0.2 percent, according to financial markets data firm Refinitiv.
Sales were down in 11 of 21 industries, representing 55.0 percent of total manufacturing sales.
Non-durable goods fell 1.3 percent to $27.0 billion, while sales of durable goods were unchanged.
Canadian manufacturing sales volume fell 0.8 percent.