Manufacturing sales in Canada increased 2.6 percent from a month earlier to CAD 63.1 billion in November of 2021, easing from an upwardly revised 4.6 percent rise in the previous month and missing preliminary estimates of a 3.1 percent increase. Sales increased in 18 of the 21 industries, led by primary metals (5.8 percent) due to the resumption of production in major non-ferrous plants, while sales of petroleum and coal products (3.7 percent), and non-metallic minerals (10.4 percent) also increased. On the other hand, lower sales were recorded for machinery (-1.8 percent) and beverage and tobacco products (-4.4 percent). On a yearly basis, total sales were up 16.8 percent in November. source: Statistics Canada
Manufacturing Sales in Canada averaged 0.33 percent from 1981 until 2021, reaching an all time high of 21.70 percent in June of 2020 and a record low of -27.50 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 January of 2022.
Manufacturing Sales in Canada is expected to be 1.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Canada Manufacturing Sales MoM is projected to trend around 1.60 percent in 2023, according to our econometric models.