Canadian manufacturing sales fell in June following three consecutive months of gains, with declines led by petroleum and coal product, transportation equipment and chemical industries.
Statistics Canada said in a monthly report that manufacturing sales slipped 1.8 percent to $53.9 billion in June. Manufacturing sales fell in 15 of 21 industries, representing 72.1 percent of the manufacturing sector in Canada.
Sales fell in several provinces in June led by Ontario and Quebec except for Manitoba and British Columbia which reported an increase in sales.
Ontario faced a 1.7 percent drop while Quebec saw a 3.3 percent drop.
“After several strong months the Canadian manufacturing sector hit a speed bump in June with sizeable declines in both value and volume terms,” TD economist Michael Dolega said of the numbers.
“Still, we expect U.S. economic growth to be generally supportive for Canadian manufacturing activity going forward,” even despite a higher loonie, he added.