Canadian manufacturing sales slide 1% in August to $69.4B

Statistics Canada says manufacturing sales fell 1% to $69.4 billion in August, as production declined in the aerospace and auto industries.

The agency says manufacturing sales fell in 12 of the 21 subsectors, as the transportation equipment subsector dropped 5.7% and the food subsector lost 1.9%.

The drop in transportation equipment sales to $10.7 billion in August came as production of aerospace products and parts fell 8.6%. Sales of motor vehicle parts dropped 5.2% and motor vehicles declined 3.3%.

On a constant dollar basis, manufacturing sales fell 1.5% in August.

In a separate report, Statistics Canada said wholesale sales, excluding petroleum, petroleum products, and other hydrocarbons and excluding oilseed and grain, fell 1.2% to $85.4 billion in August.

Wholesale sales, excluding those items, in volume terms fell 1.3% in August.

The Canadian Press

The Canadian Press is a national news agency headquartered in Toronto and founded in 1917.