Canada: Manufacturing sales contract 0.2% in February vs 0% expected
|"Manufacturing sales edged down 0.2% in February to $56.6 billion, following a 0.8% increase in January," Statistics Canada reported on Tuesday.
Key takeaways from the press release
- The largest declines were in the motor vehicle assembly and wood products industries.
- Excluding motor vehicle sales, manufacturing sales were up 0.2%.
- In volume terms, manufacturing sales decreased 0.5% in February.
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