Tue, 09 Mar 2021

Canadian manufacturing sales down

Xinhua
20 Jan 2021, 07:18 GMT+10

OTTAWA, Jan. 19 (Xinhua) -- Canadian manufacturing sales fell for the first time in three months, down 0.6 percent to 53.7 billion Canadian dollars in November 2020, according to Statistics Canada on Tuesday.

November saw a fall in five of 21 industries, mainly due to decreased sales of the aerospace product and parts, motor vehicle, and motor vehicle parts industries.

Manufacturing sales in constant dollars decreased 0.6 percent, indicating that a lower volume of goods was sold in November.

Sales in the transportation equipment industry decreased 9.1 percent to 8.9 billion Canadian dollars in November while aerospace production plunged 23.8 percent to 1.2 billion Canadian dollars.

Motor vehicle sales decreased 5.7 percent to 4.3 billion Canadian dollars and sales of motor vehicle parts dropped six percent to 2.5 billion Canadian dollars in November and were down 9.7 percent year over year.

Canadian capacity utilization rate for the total manufacturing sector decreased from 78.3 percent in October to 77.7 percent in November on lower production as travel restrictions and market uncertainty attributable to the COVID-19 pandemic continued to affect production and sales.

One Canadian dollar is about 0.79 U.S. dollar.

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