Canada Factory Sales Decline 0.4% in October

12/15/17 08:45 AM EST
    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.

  Write to Paul Vieira at 

(END) Dow Jones Newswires

December 15, 2017 08:45 ET (13:45 GMT)

Copyright (c) 2017 Dow Jones & Company, Inc.