Manufacturing sales in Canada jumped 20.7 percent over a month earlier to CAD 48.7 billion in June 2020, recovering further from a record 27.9 percent slump in April and 10.3 percent decline in March and beating market expectations of a 16.4 percent rise. It was the largest increase in manufacturing sales on record, as many manufacturers resumed operations following full or partial shutdowns related to COVID-19 in April. Sales were up in all 21 industries, led by the motor vehicle and motor vehicle parts industries. Excluding these two industries, manufacturing sales increased 10.3%. Still, total manufacturing sales in June were 13.2% below their pre-pandemic level in February.
Manufacturing Sales in Canada averaged 0.28 percent from 1981 until 2020, reaching an all time high of 20.70 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 August of 2020. source: Statistics Canada
Manufacturing Sales in Canada is expected to be 0.40 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 1.30 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.