Source: The Canadian Press

The composite leading index slowed to a 0.4% increase in July, after a gain of 0.7% in June.

Statistics Canada reports most of the slowdown originated in the household sector, where three components fell.

None of the seven other components decreased.

The housing index continued to retreat from its recent highs, declining 4.1% as both housing starts and sales contributed to the decline.

The slump in house sales was reflected in a 0.6% drop in furniture and appliance sales, while demand for other durable goods posted a fifth straight decline.

The manufacturing sector continued to recover steadily as new orders for durable goods rose 2.2%, their sixth straight advance.

Increases in manufacturing demand are consistent with the continued growth in the U.S. leading indicator, although it too grew moderately to 0.4% due to slowing household demand.