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Canada’s manufacturing sales fall less than forecast in September

Statistics Canada released its Monthly Survey of Manufacturing on Thursday, which showed that the Canadian manufacturing sales fell 0.2 percent m-o-m in September to CAD57.40 billion, following an unrevised 0.8 percent m-o-m increase in August.

Economists had anticipated a drop of 0.5 percent m-o-m for September.

According to the survey, sales decreased in 10 of 21 industries, representing 62.2 percent of total manufacturing sales. Sales in the petroleum and coal product (-1.9 percent m-o-m) and the motor vehicle parts (-4.3 percent m-o-m) industries accounted for the majority of the decline in September. However, these decreases were largely offset by increases in the machinery (+5.5 percent m-o-m) and motor vehicle (+2.9 percent m-o-m) industries.

Overall, sales of non-durable goods fell 1.0 percent m-o-m in September, while sales of durable goods rose 0.4 percent m-o-m.

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