The Monthly
Survey of Manufacturing, published
by Statistics Canada on Friday, revealed that Canadian manufacturing sales rose
by 1.7 per cent m-o-m in January 2025 to CAD72.98 billion, following an upwardly
revised 0.5 per cent m-o-m gain (from +0.3 per cent m-o-m) in December 2024. Overall, this
represented the fourth straight monthly advance in manufacturing sales.
Economists
had forecast an increase of 2.0 per cent m-o-m.
According to
the survey, 15 of 21 industries recorded gains in sales in January, led by the leather
and allied product (+23.7 per cent m-o-m), transportation equipment (+5.1 per
cent m-o-m), primary metal (+4.9 per cent m-o-m), and petroleum and coal
product (+4.7 per cent m-o-m) subsectors. On the contrary, the chemical
(-7.4 per cent m-o-m) and textile mills (-6.5 per cent m-o-m) industries registered
the sharpest declines.
Overall, sales
of durable goods surged 2.6 per cent m-o-m in January, while sales of
non-durable goods grew 0.8 per cent m-o-m.
In y-o-y terms,
manufacturing sales went up 3.0 per cent in January.