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Manufacturing sales dip in July

Published by Stephanie Brooks on September 14, 2012

According to Statistics Canada’s monthly survey of manufacturing for July 2012, manufacturing sales fell 1.5 per cent to $48.3 billion – the third decrease in five months. 

This data reflects predominantly a decline in transportation equipment and the commercial and service machinery industry. Manufacturers in 11 of 21 industries experienced lower sales.

These drops were felt across five provinces, with Ontario and Quebec posting the largest dollar declines. 

A 22.1 per cent drop in the aerospace product and parts led the decline, followed by a 3.2 per cent decrease in motor vehicle assembly.

Despite the decline, manufacturers in the transportation equipment industry reported strong advances in the first half of 2012, with sales rising 17.8 per cent compared with the first half of 2011.Higher sales in the motor vehicle assembly and motor vehicle parts industries drove the increase. In the first half of 2012, motor vehicle assembly was at its highest level since 2007, the year before the industry experienced a sharp downturn.

For more information, see the report here.   

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