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- Canada’s manufacturing sales unexpectedly fall in October
Canada’s manufacturing sales unexpectedly fall in October
Statistics
Canada released its Monthly Survey of Manufacturing on Tuesday, which showed
that the Canadian manufacturing sales fell 0.7 percent m-o-m in October to
CAD57.06 billion, following an unrevised 0.2 percent m-o-m decline in September.
Economists had
anticipated a flat m-o-m performance for October.
According to
the survey, sales decreased in 11 of 21 industries, representing 48.8 percent
of total manufacturing sales. Lower sales in the transportation equipment (-3.1
percent m-o-m) and fabricated metal product (-8.2 percent m-o-m) industries
were partly offset by higher sales in the petroleum and coal product industry (+6.2
percent m-o-m).
Overall, sales
of non-durable goods rose 1.3 percent m-o-m in October, while sales of durable
goods declined 2.4 percent m-o-m.
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