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 post small increase in January

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Manufacturing sales in constant dollars rose by 1.1% in January, led by the transportation equipment sector's performance. PHOTO courtesy Schaeffler.

Manufacturing sales rose 0.2% to $71.1 billion in January, on higher sales in 11 of the 21 subsectors, led by the transportation equipment (+4.3%) sector. The aerospace product and parts industry group (-16.7%) posted the largest decline, according to the data contained in Statistics Canada’s Monthly Survey of Manufacturing.

Sales in constant dollars rose 1.1% in January, while the Industrial Product Price Index edged down 0.1%.

Sales of fabricated metal products in January were down 5.8% from the previous month and 4% behind sales during the same period a year ago.

Following five consecutive monthly declines, sales in the motor vehicle industry group, a key customer for metalworking, rose 19.6% to $5.3 billion in January. Production resumed in some auto assembly plants in January, after several months of downtime for retooling in 2023. Year over year, sales of motor vehicles were up 7.7% in January, while exports of motor vehicles and parts rose 1.6%.

Production in the aerospace product and parts industry group, another major customer for metalworking, posted the largest monthly decrease, declining 16.7% to $2.1 billion in January. The decline in January, however, followed the largest production on record of aerospace products in December. Exports of aircraft, aircraft engines and aircraft parts decreased 15.2% in January.

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