By Paul Vieira
OTTAWA–Canadian manufacturing sales dropped for the first time in three months in November, weighed down by weaker demand for automotive and aerospace products.
Canadian factory shipments declined 0.6% in November from October to a seasonally adjusted 53.66 billion Canadian dollars, or the equivalent to $42.05 billion, Statistics Canada said Tuesday. Market expectations were for a 0.1% increase, according to economists at Bank of Nova Scotia.
The prior month’s data were revised downward, and now indicate sales rose by 0.2% in October versus the earlier estimate of a 0.3% increase.
Write to Paul Vieira at [email protected]
(END) Dow Jones Newswires
01-19-21 0900ET
