March was the first month containing data on COVID-19 impactsClick image to enlargeStatistics Canada has offered up the first glimpse of the COVID-19’s economic impact on Canada’s manufacturing sector as the data agency released figures for the March Manufacturing Survey.

Inventory was up 0.1 per cent to $87.5 billion in March, increasing in 13 of 21 industries, led by the transportation equipment industry (+5.3 per cent). The inventory-to-sales ratio increased from 1.56 in February to 1.72 in March, mostly due to lower sales. 

This was the largest monthly increase in the inventory-to-sales ratio since December 2008. 

Unfilled orders decreased 0.4 per cent to $96.8 billion in March, mostly attributed to the transportation equipment (-0.9 per cent) and machinery (-3.5 per cent) industries. New orders fell 11.3 per cent to $50.4 billion in March, mostly reflecting lower new orders in the transportation equipment (-38.5 per cent) and the petroleum and coal product (-32.1 per cent) industries. 

The unadjusted capacity utilization rate for the manufacturing sector declined 3.6 percentage points to 72.8 per cent in March. This was 8.8 percentage points lower compared with March 2019.

Montreal's TechFab joins Komet network

TechFab, Montreal, QC, is the second Canadian partner to join Komet Service, a network Komet created that consists of specialists in the fabrication and refurbishment of solid carbide tools who adhere to Komwr processes and quality standards to provide customers superior tooling for their applications. 

Managing Through Crisis

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Manufacturing leads August jobs rebound

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Ottawa invests over $1B in southern Ontario

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Sandvik to acquire makers of Mastercam

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Welding group applauds Ontario budget focus on skilled trades

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Hypertherm expands support for welding education

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Seen at IMTS: New CNC machining platform

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SmoothX" Technology is a new CNC machining platform Mazak Corp. debuted at the recent IMTS in Chicago.

Best quarter ever for North American robotics

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Magellan to manufacture engine castings for Pratt & Whitney

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A third of Canadian businesses have lost 40% of revenue: Statscan

Statistics Canada and the Canadian Chamber of Commerce collaborated to launch the Canadian Survey on Business Conditions—a survey of more than 12,600 businesses in Canada—and the results depend greatly on industry and geography.

Manufacturing an essential service during shutdown

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Walter Surface launches contest to test product, win a Mustang

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New name signals big moves for Mate

Mate Precision Tooling is expanding it's product line to target a whole new industrial market segment, and it's getting a new company name to reflect that change. 

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