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- Canada’s manufacturing sales fall less than forecast in September
Canada’s manufacturing sales fall less than forecast in September
Statistics
Canada released its Monthly Survey of Manufacturing on Thursday, which showed
that the Canadian manufacturing sales fell 0.2 percent m-o-m in September to CAD57.40
billion, following an unrevised 0.8 percent m-o-m increase in August.
Economists had
anticipated a drop of 0.5 percent m-o-m for September.
According to
the survey, sales decreased in 10 of 21 industries, representing 62.2 percent
of total manufacturing sales. Sales in the petroleum and coal product (-1.9
percent m-o-m) and the motor vehicle parts (-4.3 percent m-o-m) industries
accounted for the majority of the decline in September. However, these
decreases were largely offset by increases in the machinery (+5.5 percent
m-o-m) and motor vehicle (+2.9 percent m-o-m) industries.
Overall, sales
of non-durable goods fell 1.0 percent m-o-m in September, while sales of
durable goods rose 0.4 percent m-o-m.
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