Statistics Canada released its Monthly Survey of Manufacturing, which showed that the Canadian manufacturing sales declined 2.1 percent m-o-m in April to CAD57.10 billion, following a revised 4.0 percent m-o-m jump in March (originally a 3.5 percent m-o-m surge).

Economists had anticipated a drop of 1.1 percent m-o-m for April.

According to the survey, sales fell in 11 of 21 industries, led by transportation equipment (-23.6 percent m-o-m) and petroleum and coal products (-7.1 percent m-o-m)

Overall, sales of durable goods plunged 3.6 percent m-o-m in April, while sales of non-durable goods edged down 0.4 percent m-o-m.

In y-o-y terms, manufacturing sales climbed 57.1 percent in April.