Canadian manufacturing sales declined 3.6% to $71.5 billion in February, following a 4.5% increase in January. The decreases were observed in 12 of 21 industries, led by the petroleum and coal product (-14.9%), motor vehicle (-12.3%) and primary metal (-4.2%) industries. Conversely, the machinery (+3.0%) and electrical equipment, appliance and component (+6.0%) industries posted the largest increases. Year over year, total sales were up 3.8% in February.
The monthly decline resulted from lower volumes and prices as sales in real terms decreased 2.4% in February and the Industrial Product Price Index edged down 0.8%.
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