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Canada manufacturing sales slip in December 2017


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Canada manufacturing sales slip in December 2017

Monthly manufacturing sales in Canada slipped 0.3% to C$55.5 billion in December 2017 over lower sales in the food manufacturing and petroleum and coal products industries, Statistics Canada reported.

The decline follows a 3.8% increase in manufacturing sales during November 2017, revised upwardly from a 3.4% growth reported previously.

Sales fell in 11 of 21 industries within the manufacturing sector, with a 4.1% drop in the petroleum and coal product industry, mostly reflecting lower volumes. Sales in the food industry were down 2.6%, following a 3.6% increase in November 2017.

The declines were partially offset by increases in aerospace product and parts, machinery, computer and electronic product and motor vehicle industries.

In terms of volume, Canadian manufacturing sales fell by 0.1% in December 2017.

New orders were up 0.3% to C$54.9 billion in December 2017, following a 2.3% decline in the prior month. Unfilled orders fell for the second consecutive month, dipping 0.7% to C$86.0 billion in December 2017.

For the last quarter of 2017, manufacturing sales rose by 2.8% to C$164.8 billion after a dip of 1.8% in the previous quarter.