Manufacturing sales in Canada rose 0.5 percent from a month earlier to CAD 60.3 billion in August of 2021, following a downwardly revised 1.2 percent decline in July and exactly in line with preliminary estimates. Increased sales were led by petroleum and coal (7.3 percent), chemicals (6.3 percent), and primary metals (3.3 percent). On the other hand, significant declines were seen in wood products (-17.1 percent), motor vehicles (-8.7 percent), and motor vehicle parts (-10.5). On a yearly basis, total sales were up 14.9 percent in August, compared to an upwardly revised 13 percent in July. source: Statistics Canada
Manufacturing Sales in Canada averaged 0.32 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 October of 2021.
Manufacturing Sales in Canada is expected to be 1.40 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 2.00 percent in 2022 and 1.60 percent in 2023, according to our econometric models.