Statistics Canada says manufacturing sales down by 0.8 percent in June

The Canadian Press | August 15th, 2022 – OTTAWA

Manufacturing sales fell 0.8 per cent to $71.8 billion in June as the petroleum and coal product sector helped lead the way down, Statistics Canada said Monday.

The move lower came as sales fell in eight of the 21 industries tracked by the agency and followed a 1.1 per cent drop in May.

Statistics Canada said sales in the petroleum and coal industry fell 7.8 per cent in June as concerns over the global economic slowdown led to lower demand for energy products and contributed to the lower sales. Wood product sales fell 7.2 per cent in June, while aerospace product and parts dropped 16.8 per cent. Meanwhile, sales of motor vehicles rose 13.8 per cent.

Overall sales in constant dollars edged up 0.1 per cent in June.

“Manufacturing sales volumes only inched up in June and, with the manufacturing surveys on both sides of the border weakening in recent months, the outlook is growing even more challenging,” said Stephen Brown, senior Canada economist at Capital Economics.

Read the full economic report to learn more. 


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