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Manufacturing sales fell 0.8% in October, StatsCan says

Sales fell in 15 of the 21 industries tracked, representing 61% of the manufacturing sector.


OTTAWA — Statistics Canada says manufacturing sales fell 0.8% to $51 billion in October, including declines in the primary metal, petroleum and coal product, and machinery industries.

Economists had expected a gain of 0.4% for the month, according to Thomson Reuters.

October’s decline followed two consecutive monthly gains.

Sales fell in 15 of the 21 industries tracked by Statistics Canada, representing 61% of the manufacturing sector.

Durable goods fell 1.1%, while non-durable goods sales dropped 0.4%.

Constant dollar sales fell 1.7% in October, reflecting a lower volume of manufactured goods sold.

News from © Canadian Press Enterprises Inc. 2016

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