Toronto Star

Manufactur­ing sales slip 0.2% in February, StatsCan says

Ontario led seven-province fall with a 1.1% drop to $25.7 billion

- THE CANADIAN PRESS

OTTAWA— Statistics Canada says manufactur­ing sales fell 0.2 per cent in February to $53.6 billion as the motor vehicle assembly, and petroleum and coal product manufactur­ing industries declined.

Economists had expected a drop of 0.7 per cent, according to Thomson Reuters.

Factory sales were down in 10 of the 21 industries, representi­ng 37 per cent of the Canadian manufactur­ing sector. In volume terms, sales ticked up 0.1per cent.

Sales in the motor-vehicle assembly industry fell 5.3 per cent to $5.7 billion, while the petroleum and coal products industry dropped 5 per cent to $5.1 billion. Sales fell in seven provinces, led by Ontario, which fell 1.1 per cent to $25.7 billion. Sales in Quebec rose 2.1 per cent to $12.9 billion.

Newspapers in English

Newspapers from Canada