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Canadian Manufacturing Activity Down in February

Manufacturing sales edged down 0.2% in February to $56.6 billion (US$42.4 billion), following a 0.8% increase in January, according to new data from Statistics Canada.

The largest declines were in the motor vehicle assembly and wood products industries. However, these decreases were largely offset by gains in the petroleum and coal product, paper and machinery industries.

Excluding motor vehicle sales, manufacturing sales were up 0.2%.

Sales were down in 15 of 21 industries, representing 65.9% of the Canadian manufacturing sector. Sales of durable goods declined 1.4% to $30.1 billion (US$22.5 billion), while sales of non-durable goods rose 1.2% to $26.6 billion (US$19.9 billion).

In volume terms, manufacturing sales decreased 0.5% in February.

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