Statistics Canada released its Monthly Survey of Manufacturing on Tuesday, which showed that the Canadian manufacturing sales fell 1.3 percent m-o-m in July to CAD57.15 billion, following a revised 1.4 percent m-o-m decrease in June (originally, a 1.2 percent m-o-m drop).

Economists had anticipated a decline of 0.2 percent m-o-m for July.

According to the survey, sales dropped in 11 of 21 industries, representing 66.8 percent of total manufacturing sales. The July decrease was mainly due to lower sales in the primary metal (-7.3 percent m-o-m) and motor vehicle industries (-4.7 percent m-o-m). Meanwhile, the food industry recorded the largest gain (+1.3 percent m-o-m).

Overall, sales of non-durable goods rose 0.6 percent m-o-m in July, while sales of durable goods fell 2.9 percent m-o-m.