MRO Magazine

News

Statistics Canada says manufacturing sales fall 0.9 per cent in March


Ottawa – Statistics Canada says manufacturing sales fell 0.9 per cent to $50.0 billion in March, due to lower sales of transportation equipment and primary metals.

It was the second consecutive monthly decline.

Economists had expected a drop of 1.8 per cent, according to Thomson Reuters.

Statistics Canada says sales were down in 16 of 21 industries.

Transportation equipment sales fell 3.4 per cent to $10.8 billion in March, while primary metal sales fell 5.6 per cent to $3.5 billion.

In constant dollar terms, sales were up 0.1 per cent in March, suggesting that higher volumes of manufactured goods were sold.

News from Canadian Press Enterprises Inc. © 2018