Canadian manufacturing sales edged down 0.2% in first month of the year

Statistics Canada reports that manufacturing sales declined 0.2% to $56.1 billion in January, the fifth consecutive monthly decline.

The federal agency says sales were down in 9 of 21 industries, led by lower sales in the transportation equipment and petroleum and coal products industries. The food industry posted the largest gain.

Sales of transportation equipment fell for the second consecutive month, down 6.0% to $9.9 billion. Sales in the petroleum and coal product industry fell 5.2% to $5.9 billion

Manufacturing sales rose in 12 industries in January, led by the food (+2.6%), non-metallic mineral product (+15.7%), machinery (+4.6%) and fabricated metal product (+4.6%) industries.

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