World News

October Sees 2.8% Decrease in Manufacturing Sales According to Statistics Canada


Statistics Canada says manufacturing sales fell 2.8 percent to $71.0 billion, led by a drop in petroleum and coal product sales as well as lower sales in the machinery and computer and electronic product subsectors.

The agency says sales fell in 12 of 21 subsectors it tracks.

The petroleum and coal products subsector fell 10.3 percent to $8.4 billion in October as it saw lower prices as well as a decline in volumes.

The machinery subsector dropped 6.6 percent to $4.4 billion, while computer and electronic products fell 15 percent to $1.4 billion.

Sales of aerospace products and parts rose 6.9 percent to $2.2 billion.

Statistics Canada says total sales in constant dollars fell 2.2 percent in October, indicating a lower volume of goods sold.

Related Stories



Source link

TruthUSA

I'm TruthUSA, the author behind TruthUSA News Hub located at https://truthusa.us/. With our One Story at a Time," my aim is to provide you with unbiased and comprehensive news coverage. I dive deep into the latest happenings in the US and global events, and bring you objective stories sourced from reputable sources. My goal is to keep you informed and enlightened, ensuring you have access to the truth. Stay tuned to TruthUSA News Hub to discover the reality behind the headlines and gain a well-rounded perspective on the world.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.