Statistics Canada says manufacturing sales down, wholesale sales up in August



Statistics Canada says manufacturing sales fell 2.0 per cent to $70.4 billion in August as petroleum and coal sales edged down on decrease costs and volumes.

The company says it was the fourth consecutive month manufacturing sales declined.

Petroleum and coal sales fell 3.9 per cent to $9.9 billion in August, whereas chemical manufacturing business sales decreased 4.5 per cent to $5.6 billion.

Overall sales in fixed {dollars} fell 1.7 per cent in August, indicating a decrease quantity of products offered.

In a separate report, Statistics Canada says wholesale sales in August rose 1.4 per cent to achieve a brand new excessive of $81.3 billion, led by positive aspects in the miscellaneous items subsector which rose 3.9 per cent to $12.8 billion.

Wholesale sales in fixed greenback phrases rose 1.2 per cent in August.

This report by The Canadian Press was first revealed Oct. 14, 2022


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