CANADA'S LEADING INFORMATION SOURCE FOR THE METALWORKING INDUSTRY

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CANADA'S LEADING INFORMATION SOURCE FOR THE METALWORKING INDUSTRY

CANADA'S LEADING INFORMATION SOURCE FOR THE METALWORKING INDUSTRY

Canadian manufacturing sales drop in March

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The forecasted downturn in manufacturing sales comes after Canadian manufacturing started the year with two straight months of growth. PHOTO courtesy Cooper Standard.

Advance results from Statistics Canada’s Monthly Survey of Manufacturing indicate that total manufacturing sales declined 2.8% in March.

The transportation equipment sector, a key market for Canadian metalworking job shops was among the worst impacted sectors. The downturn in manufacturing sales comes after Canadian manufacturing started the year with two straight months of growth. Sales of fabricated metal products in February surpassed the national manufacturing industry average, rising 0.9% over the previous month. 

This advance estimate was calculated based on a weighted response rate of 64.4%. The average final response rate for the survey over the previous 12 months has been 94.8%. As Statistics Canada continues to collect data for the March reference month, this early indicator is subject to a higher revision rate than its regular monthly release.

The official estimate of manufacturing sales for the month of March, which will be based on a more complete set of survey and administrative data, is scheduled for release on May 15.

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