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Manufacturing sales fall to $51.5B in November

Declines in motor vehicles, chemicals, primary metals and food.

January 20, 2015   by CANADIAN PRESS

OTTAWA — Statistics Canada says manufacturing sales fell 1.4% in November to $51.5 billion – the third drop in four months.

The result compared with a drop of 0.7% that economists had expected according to Thomson Reuters.

However, the agency says year-to-date sales in 2014 were 5.2% higher than those in the first 11 months of 2013.

Statistics Canada says the drop was due to lower sales of motor vehicles, chemicals, primary metals and food.

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The agency says manufacturers in 16 of 21 industries – representing more than 80% of total Canadian manufacturing – reported lower sales in November.

It says sales in constant dollars fell 1.4%, indicating that a lower volume of manufactured goods was sold.

© 2015 The Canadian Press


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