Canada: Manufacturing sales edged down 0.1% in October to $58.2 billion
|"Manufacturing sales edged down 0.1% in October to $58.2 billion, following four increases in the previous five months," Statistics Canada reported today.
- Overall, sales were down in 7 of 21 industries, representing 40.5% of the manufacturing sector.
- Sales of durable goods decreased 0.9% to $30.0 billion, while sales of non-durable goods rose 0.7% to $28.3 billion.
- Constant dollar sales increased 0.2%, indicating a higher volume of goods sold.
- The capacity utilization rate (not seasonally adjusted) for the manufacturing sector declined 1.2 percentage points, from 81.9% in September to 80.7% in October.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.