Canada Factory Sales Decline 0.4% in October
By Paul Vieira
OTTAWA--Canadian manufacturing sales unexpectedly dropped in October, with the automobile sector acting as a major drag on results. Excluding motor vehicles and parts, shipments rose.
Factory sales fell 0.4% in October to a seasonally adjusted 53.49 billion Canadian dollars (US$41.77 billion), Statistics Canada said Friday. The consensus among traders was for a robust 1% gain, according to economists at Royal Bank of Canada.
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(END) Dow Jones Newswires
December 15, 2017 08:45 ET (13:45 GMT)Copyright (c) 2017 Dow Jones & Company, Inc.