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- Canadian manufacturing shipments drop 1.1% in October
Canadian manufacturing shipments drop 1.1% in October
Statistics Canada released manufacturing shipments on Tuesday. Canadian manufacturing shipments fell 1.1% in October, missing expectations for a 0.5% decrease, after a 1.5% decline in September.
The decline was driven by falls in the petroleum and coal product, aerospace product and parts, and machinery industries.
Sales of petroleum and coal products dropped 5.7% in October, aerospace product and parts sales slid 10.3%, while sales in in the machinery industry declined 4.6%.
Inventories increased 0.5% in October.
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