Manufacturing sales in Canada slumped 28.5 percent over a month earlier to CAD 36.4 billion in April, following an upwardly revised 9.8 percent drop and compared with market expectations of a 20 percent plunge. It was the largest decline in manufacturing sales on record, as factories operated at limited capacity or ceased operations completely amid the coronavirus pandemic. Sales were down in all 21 industries, led by transportation equipment (-76.4%, the largest decrease on record), namely motor vehicles (-97.5%); petroleum & coal product industries (-46.4%, biggest decline on record); food (-12.8%); fabricated metal product (-26.1%); plastic & rubber (-31%); primary metal (-16.4%); machinery (-16.4%) and wood (-19%). Manufacturing sales were down in every province in April, in particular in Ontario (-37.1%) and Quebec (-26.7%).
Manufacturing Sales in Canada averaged 0.22 percent from 1981 until 2020, reaching an all time high of 6.60 percent in August of 1998 and a record low of -28.50 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 July 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.