Canadian manufacturing sales edged down 0.2% in February

Statistics Canada reports that manufacturing sales edged down 0.2% in February to $56.6 billion, following a 0.8% increase in January.

The federal agency says sales were down in 15 of 21 industries, representing 65.9% of the Canadian manufacturing sector. Sales of durable goods declined 1.4% to $30.1 billion, while sales of non-durable goods rose 1.2% to $26.6 billion.

Sales in the motor vehicle assembly industry were down 4.4% to $4.9 billion, while wood product sales declined 5.9% to $2.5 billion.

Partially offsetting these declines were increases in the petroleum and coal product industry, as sales rose for the second consecutive month, up 7.1% to $5.7 billion in February.

Sales also increased in the paper (+6.8%), machinery (+3.3%) and plastic and rubber product (+2.4%) industries.

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