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Canadian manufacturers sell slightly less in October

Published by Steve Coleman on December 14, 2011

Despite a less than one per cent dip in manufacturing sales in October, Canadian manufacturing had an OK month.

While sales dropped 0.8 per cent to $48.7 billion in October after three-straight monthly increases, other sectors stepped in to make up for a decline in fossil fuels and the aerospace products and parts industries.

Vehicle parts, computer and electronic products and wood products sales increased for the month, but they turned out to be the exception to the rule. Thirteen of 21 industries tracked, representing about two-thirds of Canadian manufacturing, reported lower dollar figures for the month.

Most of the decrease was in non-durable goods. Makers sold 1.8 per cent less, while the companies behind durable goods reported a 0.2 per cent increase in sales.

Petroleum and coal product sales fell 4.3 per cent for the month to $7.3 billion in October. That was after three-straight months of growth. Maintenance shutdowns at several plants cut into the sales numbers. Despite the decrease, the industry had its second-best month of the year.

Another big loser for the month was the aerospace product and part manufacturing industry where production fell 9.7 per cent to $1.3 billion in October. The industry was coming off two months of gains.

The food (1.1 per cent less) and paper (3.6 per cent less) industries also reported lower sales for October.

Other industries were able to step in and offset the losses in other areas. Vehicle parts makers reported a 6.2 per cent increase, while the computer and electronics products industries reported a 6.3 per cent increase in sales. The wood product industry says it sold 5.2 per cent more in October than it did in September.

For a look at the full Statistics Canada report, visit the following link.

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