Canada's Manufacturing Sales Slide In September

New orders dropped 2.5 percent, continuing a six-month weakening trend and reaching lowest level since October 2006.

OTTAWA (CP) — Manufacturing sales declined 0.9 percent in September, continuing a six-month weakening trend.
Statistics Canada reports sales of manufactured goods decreased to $50.4 billion from the $50.8 billion reported in August, the lowest level posted since October 2006.
Third-quarter sales were 1.8 percent lower than those in the second quarter of 2007.
In constant dollars, which take price fluctuations into account, the volume of sales edged up 0.1 percent to $49.6 billion in September.
The U.S. exchange rate continued to play a major role in manufacturing sales as the Canadian dollar appreciated 3.1 percent against the greenback compared to August.
Fifteen of 21 manufacturing industries decreased in September, representing about two-thirds of total sales.
Sales of durable goods advanced 0.6 percent in September, their second increase in the past three months, reflecting sizeable gains in the transportation equipment industry in July and September.
Non-durable goods sales continued to slump, decreasing 2.5 percent for a fourth straight monthly decline.
New orders dropped 2.5 percent in September after an even sharper 5.4 percent plunge in August. Unfilled factory orders decreased for the first time in a year, down 1.3 percent from August.