Manufacturing sales fell 1% to $49.9B in May: StatsCan
Drops in sales of motor vehicles and petroleum and coal products to blame for the decline.
OTTAWA — Statistics Canada says manufacturing sales fell 1% to $49.9 billion in May.
Economists had expected a drop of 0.7%, according to Thomson Reuters.
The decline came as sales of motor vehicles and petroleum and coal products dropped.
Motor vehicle sales fell 4.2% to $5.6 billion, while sales of motor vehicle parts declined 2.3%.
Sales in the petroleum and coal products industry fell 2.2% to $4.1 billion.
Sales fell in 15 of 21 industries, representing nearly 70% of total manufacturing.
Constant dollar sales fell 2.1%, indicating that a lower volume of manufactured goods was sold in the month.News from © Canadian Press Enterprises Inc. 2016