Manufacturing sales in Canada rose 1.4 percent over month earlier to CAD 53.8 billion in September of 2020, rebounding from a downwardly revised 1.4 percent drop in the previous month and matching market expectations. Still, sales were 3.6 percent below their pre-pandemic levels in February. Sales increased in 13 of 21 manufacturing industries led by wood (9.6 percent to a record high of CAD 3.3 billion) in particular sawmills and wood preservation; chemicals (6.7 percent to CAD 4.5 billion) driven by pharmaceutical and medicine; and food (1.3 percent to CAD 9.2 billion) namely fruit & vegetables and seafood. Manufacturing sales increased in nine provinces, with Alberta posting the largest gain, followed by Ontario and New Brunswick. Considering the third quarter as a whole, sales jumped 26.6 percent, following four consecutive quarterly declines. source: Statistics Canada
Manufacturing Sales in Canada averaged 0.30 percent from 1981 until 2020, reaching an all time high of 23.10 percent in June of 2020 and a record low of -27.90 percent in April of 2020. This page provides - Canada Manufacturing Sales MoM- actual values, historical data, forecast, chart, statistics, economic calendar and news. Canada Manufacturing Sales MoM - data, historical chart, forecasts and calendar of releases - was last updated on December of 2020.
Manufacturing Sales in Canada is expected to be 0.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Manufacturing Sales in Canada to stand at 2.50 in 12 months time. In the long-term, the Canada Manufacturing Sales MoM is projected to trend around 1.50 percent in 2021 and 2.00 percent in 2022, according to our econometric models.