OTTAWA, Feb. 16 (UPI) -- Canadian manufacturing sales declined 8 percent to $44.2 billion in December, the largest monthly decline since January 1992, Statistics Canada said Monday.
Sales fell in 20 of 21 manufacturing industries, with the printing and related support activities industry recording only a fractional increase of 0.1 percent, the agency said.
Leading the decliners was the petroleum and coal products industry, which fell 18.4 percent to $4.4 billion. StatsCan said falling prices were the biggest contributing factors.
Primary metal manufacturers reported lower sales of $3.5 billion, down 14.4 percent and linked to falling prices and deteriorating global demand.
The motor vehicle industry reported sales were down 14.2 percent to $3.2 billion, with the motor vehicle parts sub-sector down 17.6 percent because of sharply reduced demand, the report said.
Of all 10 provinces and three territories, only Prince Edward Island reported annual manufacturing gain of 2.3 percent and the Yukon up 0.6 percent, the agency said. The losses ranged from a drop of 14.2 percent in both Nova Scotia and Saskatchewan to a 2.4 percent decrease in Manitoba.
"Ontario's manufacturing sales declined 9.2 percent to $20.3 billion" in December, the agency said.