Canada August factory sales down after three months of gains
(Reuters) - Canadian factory sales unexpectedly declined by 0.2 percent in August after three months of gains, and sales in volume terms were down by even more, 0.3 percent, according to Statistics Canada data on Wednesday.
Sales fell in 11 of 21 industries, representing just over 40 percent of manufacturing sales, the government agency said. Drops in the food, motor vehicle assembly and miscellaneous industries were largely offset by gains in the aerospace and primary metal industries.
Year on year, sales were up by just 0.3 percent in current dollar terms and down 2.1 percent in volume.
Month/month change (pct)
Aug Jul(rev) Jul(prev) Sales -0.2 +1.7 +1.7 Sales ex-autos 0.0 +1.7 +1.6 Inventories +0.3 +0.3 +0.4 Unfilled orders +0.4 +0.2 +0.4 New orders +0.1 -2.3 -1.7 New orders ex-autos +0.8 -3.3 -2.7
Aug Jul(rev) Jul(prev) Inv/shipment ratio 1.39 1.39 1.40
NOTE: Analysts surveyed by Reuters had forecast on average an increase of 0.2 percent in the value of shipments in August from July. All figures are seasonally adjusted.
(Reporting by Randall Palmer; editing by Louise Egan)
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