UPDATE 1-Canada Sept leading indicator falls unexpectedly

* Leading indicator falls 0.1 percent in September

* First retreat in indicator since April 2009

* Manufacturing slides along with housing
(Adds details)

OTTAWA, Oct 21 (BestGrowthStock) – Canada’s composite leading
indicator declined in September for the first time since April
2009, dipping 0.1 percent as housing cooled further and
manufacturing slumped, according to Statistics Canada data on
Thursday.

Analysts surveyed by Reuters had forecast, on average, a
0.3 percent gain.

The housing index fell another 3.2 percent, continuing a
trend that began in May, with declines of 4 percent in the two
previous months. Both housing starts and sales were down.

In manufacturing, both new orders and the average work week
turned lower for the first time this year, while the shipments
to inventory ratio edged slightly higher.

“Manufacturing, which had supported growth since the spring
even as housing slowed, saw two of its three components turn
down,” Statscan said in its release.

Half of the 10 components of the leading indicator
declined.

(Reporting by John McCrank and Howaida Sorour, Editing by
Chizu Nomiyama)

UPDATE 1-Canada Sept leading indicator falls unexpectedly