Canadian Manufacturing Sales Decline
Canadian manufacturing sales fell 1% in August, while wholesale receipts dropped 1.2%, due to the impact of US tariffs on key trade-exposed sectors.
The monthly losses were less severe than expected, with economists predicting declines of 1.5% and 1.3%, respectively.
- Lower sales of transportation equipment drove the manufacturing loss.
- Slumping receipts for motor vehicles and parts, as well as food and beverages, contributed to the declines among wholesalers.
Canadian manufacturing sales fell 1% in August, while wholesale receipts dropped 1.2%, underscoring the impact of U.S. tariffs on key trade-exposed sectors.
In volume terms, sales were down 1%.
Author's summary: Canada's manufacturing sales decline due to US tariffs.