Final hours! Save up to 50% OFF InvestingProCLAIM SALE

UPDATE 1-Canadian factory sales drop for third month in a row

Published 2015-12-15, 08:45 a/m
© Reuters.  UPDATE 1-Canadian factory sales drop for third month in a row

(Adds details of release, background)
OTTAWA, Dec 15 (Reuters) - Canadian manufacturing sales
dropped by an unexpectedly larger 1.1 percent in October,
marking a third consecutive monthly fall, on broad-based
weakness, Statistics Canada said on Tuesday.
Market analysts polled by Reuters had forecast sales would
shrink by 0.5 percent from September. It was the first time
Canada had posted three consecutive month-on-month declines
since July 2012.
The report added to other data showing Canada's economy is
struggling to shake off the effects of anemic crude prices,
which are trading at levels not seen since the last recession.
Petroleum and coal sales fell for the fifth month in a row,
dropping by 5.7 percent to their lowest level since April 2009
on greater-than-usual maintenance and other technical work at
refineries.
Sales in the volatile aerospace sector dropped 10.3 percent
while machinery sales fell 4.6 percent.
Unfilled orders fell 1.3 percent while new orders slipped
1.4 percent. The inventory-to-sales ratio climbed to 1.46, the
highest since the 1.48 recorded in August 2009.

<^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
Graphic - Canadian manufacturing sales http://link.reuters.com/nem27s
Graphic - Canada economic dashboard http://graphics.thomsonreuters.com/15/sc-canada/index.html

^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.