Canada: Manufacturing sales decline 1.4% in November vs 0.9% expected

Eren Sengezer FXStreet

"Manufacturing sales fell 1.4% to $57.3 billion in November, the second consecutive monthly decrease," Statistics Canada reported on Tuesday.

Key takeaways from the press release

The decline in November mainly reflected lower sales of petroleum and coal products.
Excluding this industry, manufacturing sales rose 0.2%.
Sales of non-durable goods fell 3.4% to $27.2 billion, while sales of durable goods rose 0.5% to $30.1 billion.
In volume terms, manufacturing sales decreased 0.9%.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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