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Canada Manufacturing Sales Fall In March

Statistics Canada reports manufacturing sales fell 2.7 percent to $41.4 billion in March, reversing February's gain.

OTTAWA (CP) -- Manufacturing sales fell 2.7 percent to $41.4 billion in March, reversing February's gain.

Statistics Canada reports manufacturing sales have fallen almost 25 percent from their peak in July 2008, with most of the drop coming between November and January.

Durable goods industries such as aerospace parts and products, motor vehicle parts, and primary metal products were behind most of the losses in March.

The agency says much of the decline in manufacturing sales was focused in Quebec, which accounted for just over half of the national decrease.

Constant-dollar manufacturing sales decreased 2.4 percent in March to $38.2 billion, indicating that most of the decline was due to a drop in the volume of sales.

Sales in 15 of 21 manufacturing industries declined in March, accounting for about three-quarters of total sales.

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