October 30th, 2020

Statistics Canada says manufacturing sales fell 2.0 per cent in August


By The Canadian Press on October 16, 2020.

A worker uses a grinder on a steel stairs being manufactured for a high school in Redmond, Wash., at George Third & Son Steel Fabricators and Erectors, in Burnaby, B.C., on March 29, 2018. Statistics Canada says manufacturing sales fell 2.0 per cent to $52.4 billion in August, weighed down by a drop in the transportation sector.THE CANADIAN PRESS/Darryl Dyck

OTTAWA – Statistics Canada says manufacturing sales fell 2.0 per cent to $52.4 billion in August, weighed down by a drop in the transportation sector.

The decline followed three consecutive months of strong increases, the agency said.

Economists on average had expected a decline of 1.4 per cent for the month, according to financial data firm Refinitiv.

Sales in the transportation equipment industry fell 13.7 per cent to $9.6 billion as Canadian exports of motor vehicles and auto parts fell in August.

Excluding transportation equipment, manufacturing sales rose 1.1 per cent.

In constant dollar terms, manufacturing sales fell 2.2 per cent, indicating a smaller volume of products was sold in August.

Statistics Canada said total manufacturing sales in August were 6.6 per cent below the pre-pandemic levels set in February.

This report by The Canadian Press was first published Oct. 16, 2020.

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