Canada: Manufacturing sales declined 0.4% to $53.5 billion in October

Eren Sengezer FXStreet

"Manufacturing sales declined 0.4% to $53.5 billion in October, following two consecutive monthly increases," the Statistics Canada announced on Friday.

Key highlights

Sales fell in 8 of 21 industries, representing 56.0% of the manufacturing sector.

Sales of motor vehicles and other transportation equipment accounted for most of the decline in October.

Excluding these two industries, manufacturing sales increased 0.5%.

In constant dollars, sales decreased 1.5% in October, reflecting a lower volume of goods sold.

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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