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Ekonomické zprávy
15.11.2021

Canada’s manufacturing sales decrease less than anticipated in September

The Monthly Survey of Manufacturing, published by Statistics Canada on Monday, showed that the Canadian manufacturing sales fell 3.0 percent m-o-m in September to CAD58.46 billion, following an unrevised 0.5 percent m-o-m gain in August. This marked the largest monthly decrease in manufacturing sales since April 2020.

Economists had anticipated a drop of 3.2 percent m-o-m for September.

According to the survey, 12 of 21 industries recorded declines in sales in September, with motor vehicles (-35.6 percent m-o-m) dropping the most, hurt by the semiconductor chip shortage. At the same time, the biggest gains occurred in sales of petroleum and coal products (+3.0 percent m-o-m).

Overall, sales of non-durable goods increased 3.2 percent m-o-m in August, while sales of durable goods declined 2.1 percent m-o-m.

In y-o-y terms, manufacturing sales climbed 8.4 percent in September.

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