Investing.com – Canadian manufacturing sales fell less-than-expected in September, official data showed on Tuesday.
In a report, Statistics Canada said that manufacturing sales fell by a seasonally adjusted 0.6% in September, after rising by 2.0% in August.
Economists expected manufacturing sales to fall by 0.7% in September.
According to the data, manufacturing sales in September fell to CAD 45.1 billion, as the decline in sales was concentrated mostly in the transportation equipment industry in Central Canada.
Despite the decrease, manufacturing sales in September were 17.7% higher than their most recent low in May 2009. Since then, sales have increased in 11 of the past 16 months.
Following the release of the data, the Canadian dollar was down against its U.S. counterpart, with USD/CAD jumping 0.62% to hit 1.0162.
In a report, Statistics Canada said that manufacturing sales fell by a seasonally adjusted 0.6% in September, after rising by 2.0% in August.
Economists expected manufacturing sales to fall by 0.7% in September.
According to the data, manufacturing sales in September fell to CAD 45.1 billion, as the decline in sales was concentrated mostly in the transportation equipment industry in Central Canada.
Despite the decrease, manufacturing sales in September were 17.7% higher than their most recent low in May 2009. Since then, sales have increased in 11 of the past 16 months.
Following the release of the data, the Canadian dollar was down against its U.S. counterpart, with USD/CAD jumping 0.62% to hit 1.0162.