manufacturing-business

Statistics Canada says manufacturing sales edged down 0.1% April to $50.9 billion, the first decrease in four months.

The agency says declines in the petroleum and coal product, aerospace product and parts, and machinery industries were largely offset by smaller gains in most other industries.

Read: Slow economy holds back manufacturing

Economists had expected a gain of 0.4%, according to Thomson Reuters.

In April, 14 of 21 industries representing about 60% of manufacturing posted gains, despite the slight decrease in total sales.

Read: Ontario on the rebound

Sales in the petroleum and coal product industry decreased 5% in April to $6.9 billion, due to partial shutdowns at several refineries for maintenance and retooling. In contrast, sales in the motor vehicle industry rose 3.3% to $4.4 billion.

Sales were down in five provinces in April, with Quebec posting the largest decrease.

Read: Diversity and stability keeping Manitoba strong

Originally published on Advisor.ca

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