BUSINESS

Canadian Manufacturing Sales Shrink Four Times Faster Than Expected

06/15/2015 09:02 EDT | Updated 06/15/2016 05:59 EDT
ASSOCIATED PRESS
FILE - In this Jan. 7 2015 file photo, smoke emits from a factory chimneys near O'Hare airport in Chicago. The Institute for Supply Management releases its manufacturing index for March on Wednesday, April 1, 2015. (AP Photo/Nam Y. Huh, File)
OTTAWA - Statistics Canada says manufacturing sales fell 2.1 per cent to $49.8 billion in April as sales of food, aerospace products and parts, and petroleum and coal products dropped.

Economists had expected a drop of 0.5 per cent, according to Thomson Reuters.

It was the third decline in four months.

Sales were lower in eight of 21 industries, accounting for nearly two-thirds of total Canadian manufacturing.

In constant dollar terms sales fell 1.0 per cent, indicating that a lower volume of goods was sold in April.

April sales dropped in every province except Manitoba with nearly two-thirds of the overall decline attributable to Quebec where sales fell 5.4 per cent.

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