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Canadian Manufacturing Sector Sees Decline in March, Statistics Canada Reports

Syed Azam

Canadian manufacturing sales experienced a 2.1% decrease in March, reaching $69.9 billion.

Canadian manufacturing sales experienced a 2.1% decrease in March, reaching $69.9 billion. This decline was primarily driven by significant drops in the petroleum, coal, and motor vehicle sectors.

Petroleum and coal product sales saw an 8% decrease, totaling $8 billion for the month. This was largely due to a 6.1% reduction in sales volumes.

The motor vehicle sector also faced challenges, with sales falling 7.9% to $4.6 billion. This was further impacted by a 2.8% decrease in motor vehicle parts sales. Retooling efforts at major Ontario auto plants contributed to this decline.

Despite these setbacks, the machinery sector showed positive growth, with sales increasing by 2.9% to $4.5 billion. This was attributed to higher sales across all seven machinery industry groups, particularly in commercial and service industry machinery, which saw a substantial 41.6% gain.

Overall, manufacturing sales, adjusted for inflation, fell by 2% in March.

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