UPDATE 2-Canada factory sales climb in Sept on aerospace orders

Thu Nov 15, 2012 10:28am EST
 
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* Sales rise 0.4 pct in Sept. on aerospace, primary metals

* Excluding aerospace, sales fell 0.7 pct

* Gains in eight of 21 industries

* Data confirms weak Q3 growth; outlook better for Q4

By Louise Egan

OTTAWA, Nov 15 (Reuters) - Canadian manufacturing sales grew 0.4 percent in September from August due mainly to a sharp rise in the volatile aerospace sector, but sales fell in the heavyweight auto industry and in most other industries, Statistics Canada said on Thursday.

The gain was above the 0.3 percent increase forecast. But analysts said the details of the report were weaker and confirmed slower economic growth in the third quarter.

"The slowing in activity is consistent with other indicators that showed the economy geared down in the quarter," said Dawn Desjardins, assistant chief economist at RBC Economics.

Sales rose in just eight of the 21 industries surveyed. Excluding the aerospace product and parts industry, manufacturing sales fell 0.7 percent.   Continued...