Source: Statistics Canada
Canadian manufacturers gave back some of their recent gains in March as factory sales retreated 1.6% to $49.0 billion.
The scope of March’s slowdown was extensive as 18 of the 21 manufacturing industries, representing 76% of total sales, posted declines. A sharp downturn in motor vehicle manufacturing was the chief contributor.
Sales were down 7.7% compared with the peak level of $53.1 billion set in March 2007.
Manufacturing activity falters during the first quarter
In the first quarter of 2008, manufacturing sales fell 5.5% to $143.8 billion compared with the same period one year earlier. The ongoing slump in the auto …
Canadian Manufacturing Sales Fall 1.6% in March
Source: Statistics Canada
Canadian manufacturers gave back some of their recent gains in March as factory sales retreated 1.6% to $49.0 billion.
The scope of March’s slowdown was extensive as 18 of the 21 manufacturing industries, representing 76% of total sales, posted declines. A sharp downturn in motor vehicle manufacturing was the chief contributor.
Sales were down 7.7% compared with the peak level of $53.1 billion set in March 2007.
Manufacturing activity falters during the first quarter
In the first quarter of 2008, manufacturing sales fell 5.5% to $143.8 billion compared with the same period one year earlier. The ongoing slump in the auto …
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