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Statistics Canada says manufacturing sales fell 2.0 per cent in August


OTTAWA – Statistics Canada says manufacturing sales fell 2.0 per cent to $52.4 billion in August, weighed down by a drop in the transportation sector.

The decline followed three consecutive months of strong increases, the agency said.

Economists on average had expected a decline of 1.4 per cent for the month, according to financial data firm Refinitiv.

Sales in the transportation equipment industry fell 13.7 per cent to $9.6 billion as Canadian exports of motor vehicles and auto parts fell in August.

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Excluding transportation equipment, manufacturing sales rose 1.1 per cent.

In constant dollar terms, manufacturing sales fell 2.2 per cent, indicating a smaller volume of products was sold in August.

Statistics Canada said total manufacturing sales in August were 6.6 per cent below the pre-pandemic levels set in February.

News from © The Canadian Press Enterprises 2020