OTTAWA — Statistics Canada says manufacturing sales fell by a record amount in April, the first full month of physical distancing measures in the wake of COVID-19.
The agency says manufacturing sales fell 28.5 per cent to $36.4 billion in April, following a 9.8 per cent decline in March when the pandemic first began to take hold.
Economists on average had expected a decline of 20.0 per cent, according to financial markets data firm Refinitiv.
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Sales were down in all 21 industries, led by the transportation equipment and petroleum and coal product industries.
Sales in the transportation equipment industry fell by 76.4 per cent to $1.9 billion in April, the largest drop on record, as Canadian vehicle assembly plants stopped operations, while the petroleum and coal product industry sales dropped by a record 46.4 per cent to $2.0 billion.
Manufacturing sales in volume terms fell by a record 26.0 per cent.
This report by The Canadian Press was first published June 15, 2020.
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