Canada's manufacturing sales retreated 0.6 percent from a month earlier to CAD 57.9 billion in May of 2021, following a downwardly revised 1.7 percent drop in April and missed preliminary estimates of a 1.0 percent rise. It was the second straight month of declines, mainly weighed down by the machinery (-16.9 percent), chemical products (-2.0 percent), and fabricated metal (-1.8 percent) industries. Additionally, sales also fell in the food (-0.6 percent), non-metallic mineral (-2.9 percent), and motor vehicle parts (-1.4 percent) industries. In contrast, sales advanced at a record pace in the wood product industry (6.1 percent), due to higher prices. Excluding the effect from the transportation equipment industry, sales were down 0.7 percent, breaking a 12-month period of increases. On an annual basis, total sales surged 42.6 percent, due to baseline effects. source: Statistics Canada
Manufacturing Sales in Canada averaged 0.31 percent from 1981 until 2021, 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 July of 2021.
Manufacturing Sales in Canada is expected to be 2.50 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 1.50 in 12 months time. In the long-term, the Canada Manufacturing Sales MoM is projected to trend around 2.00 percent in 2022 and 1.60 percent in 2023, according to our econometric models.