Manufacturing sales slip 0.2% in February

first_img Leading indicators signal steady rebound: OECD Related news Household debt-to-income ratio fell in first quarter: Statscan Share this article and your comments with peers on social media Statistics Canada says manufacturing sales fell 0.2% in February to $53.6 billion as the motor vehicle assembly and petroleum and coal product manufacturing industries declined. Economists had expected a drop of 0.7%, according to Thomson Reuters. Factory sales were down in 10 of the 21 industries, representing 37% of the Canadian manufacturing sector. In volume terms, sales ticked up 0.1%. Sales in the motor vehicle assembly industry fell 5.3% to $5.7 billion, while the petroleum and coal products industry dropped 5.0% to $5.1 billion. Sales fell in seven provinces, led by Ontario, which fell 1.1% to $25.7 billion. Sales in Quebec rose 2.1% to $12.9 billion.center_img Economy lost 68,000 jobs in May Canadian Press Keywords Economic indicators Facebook LinkedIn Twitterlast_img

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