Home Canada: Manufacturing sales fell 0.4% to $58.6 billion in August
FXStreet News

Canada: Manufacturing sales fell 0.4% to $58.6 billion in August

“Manufacturing sales fell 0.4% to $58.6 billion in August, following three consecutive monthly increases,” Statistics Canada announced on Wednesday.

Key highlights

  • The decline was mainly due to lower motor vehicle sales.
    • Excluding this industry, manufacturing sales rose 0.4% in August.
  • Sales were down in 7 of 21 industries, representing 50.9% of the Canadian manufacturing sector.
  • After taking price changes into account, the volume of sales in the manufacturing sector edged down 0.3% in August.

FX Street

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.