December’s manufacturing sales slip from November’s record high: StatCan
Down in 11 of 21 industries; volumes slipped 0.1% after adjusting for price changes.
OTTAWA — Statistics Canada says the country’s manufacturing sales in December were $55.5 billion, down 0.3% from the record high level set in the previous month.
The petroleum and coal product industry had the biggest month-over-month decline, dropping 4.1% to $5.7 billion December, after five consecutive increases.
Food industry sales dropped 2.6% to $8.5 billion after the strongest November in years.
Statistics Canada says the food industry’s decline in December was most pronounced in the meat product industry and the dairy product industry.
Overall, manufacturing sales were down in 11 of 21 industries in December. Volumes edged down 0.1% after adjusting for price changes.
Sales were down in seven provinces including Quebec, which saw a 1.1% decline to $13.2 billion. Ontario’s manufacturing sales were up 1.2% to $25.7 billion while Alberta sales rose 1.2% to $6.2 billion.News from © Canadian Press Enterprises Inc. 2016