Canada March factory sales down 2.1% on petroleum, autos

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May 15, 2024 8:37 AM EDT

FILE PHOTO: A general view of the factory floor and numerous automated machines used in the production and manufacturing of aircraft parts, at Abipa Canada in Boisbriand, Quebec, Canada May 10, 2023. REUTERS/Evan Buhler/File Photo

May 15 (Reuters) - Canadian factory sales fell by 2.1% in March from February on lower sales of petroleum and coal products, as well as motor vehicles, Statistics Canada said on Wednesday.

Excluding motor vehicles and parts, manufacturing sales were down 1.7%.

Month/month change (%)

Mar Feb(rev) Feb(prev)

Sales -2.1 +0.9 +0.7

Sales ex-autos -1.7 +1.0 +0.8

Inventories 0.0 -1.0 -0.7

Unfilled orders -0.8 +0.9 +0.8

New orders -4.7 +2.0 +1.9

Mar Feb(rev) Feb(prev)

Inv/sales ratio 1.73 1.69 1.68

NOTE: All figures are seasonally adjusted. Analysts surveyed by Reuters forecast manufacturing sales to decrease 2.8% in March.

(Reporting by Dale Smith)

Keywords: CANADA ECONOMY/MANUFACTURING


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