Manufacturing sales down 1.8% in June: StatsCan
Drop blamed on lower sales in the petroleum and coal products, transportation equipment and chemical industries.
OTTAWA — Statistics Canada says manufacturing sales fell in June, following three consecutive months of gains.
The federal agency says manufacturing sales slipped 1.8% to $53.9 billion in June.
The drop came due to lower sales in the petroleum and coal product, transportation equipment and chemical industries.
Sales fell in 15 of 21 industries, representing 72.1% of the manufacturing sector in Canada.
Non-durable goods dropped 2.2%, while durable goods slipped 1.5%.
Sales fell 1% in constant dollars, indicating a lower volumes of manufactured goods were sold in June.News from © Canadian Press Enterprises Inc. 2016