Statistics Canada says manufacturing sales down 0.6 per cent in November
January 21, 2020 by The Canadian Press
Canadian manufacturing sales fell more than expected in November as sales in the primary metal, chemical and food industries moved lower, offset in part by gains in the transportation and fabricated metal industries.
Statistics Canada says the value of manufacturing sales fell 0.6 per cent to $57.0 billion in November, its third consecutive monthly decrease.
Economists had expected a drop of 0.2 per cent, according to financial markets data firm Refinitiv.
Sales were down in 11 of 21 industries, representing 55.0 per cent of total manufacturing sales.
Non-durable goods fell 1.3 per cent to $27.0 billion, while sales of durable goods were unchanged.
Canadian manufacturing sales volume fell 0.8 per cent.