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Ontario manufacturers hit hardest as sales numbers fall

Published by Steve Coleman on April 17, 2012

Ontario manufacturers took the hardest hit as sales fell for industry, as a whole, in February.

Total manufacturing sales for the month were down 0.3 per cent to $49.1 billion for the month on the heels of a 1.3 per cent decrease in January.

Vehicle sales, food and vehicle parts took the biggest lumps during the month. Increases in the sales numbers for aerospace products and parts, non-metallic mineral products and petroleum and coal products helped soften the blow.

Sales numbers were down for 11 of 21 industries, representing 64 per cent of Canadian manufacturing, Statistics Canada says.

Vehicle assembly lines saw the largest sales drop during the month, an 8.7 per cent decline. It was the first time since June 2011 that vehicle makers had fewer sales for the month.

Food processors recorded the month's second-largest decline, a 3.1 per cent drop to $6.9 billion. Fewer sales of grain and milled oilseeds, as well as prepared seafood accounted for a large portion of the drop.

The month's biggest gains were in the aerospace product and parts industry. Manufacturers in the sector reported a 32.1 per cent increase in sales, correcting for a 32.7 per cent drop in January.

February's other big winner were non-metallic mineral products. Good weather conditions early in the year helped boost construction. As a whole, makers sold 22.9 per cent more goods with a total cash value of $1.2 billion for the month.

However, February wasn't a good time to be an Ontario manufacturer. Thirteen of 21 industries, representing three-quarters of the province's output, said their sales numbers were lower for the month. All told, Ontario manufacturers still sold $22 billion in goods during the month.

For a look at the full report, visit the Statistics Canada web site.

 

 

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