Statistics Canada says the decline in manufacturing sales followed a revised 4.5% increase in January
Statistics Canada says manufacturing sales fell 3.6 per cent to $71.5-billion in February, as sales of petroleum and coal products helped lead the drop.
The agency says the decline followed a revised 4.5 per cent increase in January. The initial reading for the first month of the year had been for a gain of 4.1 per cent.Sales of petroleum and coal products fell 14.9 per cent to $8.8-billion in February as sales volumes dropped 8.3 per cent. Meanwhile, sales of motor vehicles fell 12.3 per cent to $4.2-billion in February and primary metals declined 4.2 per cent to $5.6-billion. Sales in the machinery industry rose 3.0 per cent to $4.6-billion.
In constant dollars, Statistics Canada says overall manufacturing sales decreased 2.4 per cent in February.
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