Canada: Manufacturing sales contract 0.2% in February vs 0% expected

"Manufacturing sales edged down 0.2% in February to $56.6 billion, following a 0.8% increase in January," Statistics Canada reported on Tuesday.

Key takeaways from the press release

• The largest declines were in the motor vehicle assembly and wood products industries. 
• Excluding motor vehicle sales, manufacturing sales were up 0.2%.
• In volume terms, manufacturing sales decreased 0.5% in February.