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Manufacturing sales fell in June: StatsCan
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The Canadian Press- OTTAWA—Manufacturing sales in Canada fell for a third consecutive month in June, hitting their lowest level since November 2010, Statistics Canada said Tuesday.
The drop of 1.5 per cent to $45.3 million was steeper than predictions by economists who had expected a drop of 0.5 per cent from the previous month.
Constant dollar manufacturing sales were down 1.6 per cent in June.
Sales of durable goods fell 1.9 per cent, while sales of non-durable goods were down 1.2 per cent lower.
Lower sales were reported in 15 of 21 industries, representing 77.5 per cent of total manufacturing.
The overall decline was due in large part to lower petroleum and coal sales which fell 6.6 per cent in June due to lower prices and shutdowns for retooling at various plants.
Miscellaneous manufacturing sales fell 16.1 per cent after rising 2.4 per cent in May due to a drop in sales by manufacturers of jewellery and silverware.
Machinery manufacturing sales dropped 4.2 per cent in June after a 7.8 per cent increase in May.
Meanwhile, sales in the chemical industry gained 5.8 per cent on gains in the pesticide, fertilizer and other agricultural chemical industry.
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