March 29, 2024 07:06 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
PM Modi has mastered art of manipulating democracy, hurting Constitution: Mallikarjun Kharge | Mafia-turned-politician Mukhtar Ansari dies of cardiac arrest at 63 | NIA arrests key conspirator in Bengaluru cafe blast case | Actor Govinda returns to politics after 14 years of 'vanvas', joins Eknath Shinde camp | 'To browbeat and bully others is vintage Congress culture': PM posts after 600 lawyers write to CJI
Canada’s manufacturing sector dips in February amid semiconductor shortage Canada
Pixabay

Canada’s manufacturing sector dips in February amid semiconductor shortage

India Blooms News Service | @indiablooms | 16 Apr 2021, 09:56 am

Toronto/Sputnik: Canada’s manufacturing sector saw its largest decline since the August 2020 in February, the state statistics agency said in its monthly manufacturing report.

"Following the largest increase observed in seven months in January (+3.4%), manufacturing sales fell 1.6% to $55.4 billion in February on lower sales of transportation equipment," Statistics Canada said in its report on Thursday.

The decline was in large part due to a continuing semiconductor shortage, the agency said.

The semiconductor shortage has also plagued the US auto industry, with US President Joe Biden’s National Security Adviser Jake Sullivan personally taking the lead on the issue.

The decline was partially offset by gains in the petroleum and coal product, chemical, and wood product industries.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.