Canada's manufacturing sales increased 0.9 percent from a month earlier to CAD 54.2 billion in December 2020, rebounding from a downwardly revised 0.4 percent fall in November and above preliminary estimates of a 0.6 percent gain. Sales were up in 9 of 21 industries, led by the wood product, transportation equipment, and petroleum and coal product industries. Wood product sales increased 8.3% to a record high of CAD 3.7 billion and sales in the transportation equipment industry rose 2.3% to CAD 9.2 billion. Also, petroleum and coal product sales rose for the third consecutive month, up 4.7 percent to CAD 4.2 billion. On a quarterly basis, sales rose 1.1% in the fourth quarter. source: Statistics Canada
Manufacturing Sales in Canada averaged 0.30 percent from 1981 until 2020, 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 February of 2021.
Manufacturing Sales in Canada is expected to be 0.90 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 1.40 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.