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Statistics Canada: Manufacturing sales down 0.8% in June

Statistics Canada: Manufacturing sales down 0.8% in June

BNN Bloomberg
Monday, August 15, 2022 04:23:45 PM UTC

Statistics Canada says manufacturing sales fell 0.8 per cent to $71.8 billion in June as the petroleum and coal product sector helped lead the way down.

The move lower came as sales fell in eight of the 21 industries tracked by the agency and followed a 1.1 per cent drop in May.

Statistics Canada says sales in the petroleum and coal industry fell 7.8 per cent in June as concerns over the global economic slowdown led to lower demand for energy products and contributed to the lower sales.

Wood product sales fell 7.2 per cent in June, while aerospace product and parts dropped 16.8 per cent.

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