Canada: Manufacturing sales decreased 2.6% to $52.5 billion in July
|"Manufacturing sales decreased 2.6% to $52.5 billion in July, following a 1.9% decline in June," the Statistics Canada announced on Tuesday.
Key highlights:
- The decrease was primarily the result of lower sales of motor vehicles and motor vehicle parts.
- Excluding motor vehicles and motor vehicle parts, manufacturing sales increased 0.2%.
- Sales were down in 9 of 21 industries, representing 57% of the manufacturing sector.
- Sales of durable goods decreased 4.6%, while sales of non-durable goods declined 0.2%.
- In constant dollars, sales were down 1.4% in July, indicating a decline in the volume of manufactured goods sold.
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