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 expected to show drop for close of 2023

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Shrinkage of sales in the transportation manufacturing sector helped contribute to a drop in Canadian manufacturing overall, according to an advance report from Statistics Canada. PHOTO courtesy Fronius.

Sales in the manufacturing sector likely shrunk by 0.6% in December, according to an advance estimate provided by Statistics Canada ahead of its monthly survey on the state of the nation’s manufacturing.

The transportation equipment sector, a key customer for the nation’s metalworking job shops, suffered one of the largest increases for the month, Statistics Canada reported.

This estimate was calculated based on a weighted response rate of 65.4%. The average final response rate for the survey over the previous 12 months has been 94.2%. Advance estimates should be taken with caution. As Statistics Canada continues to collect data for the December 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 December, which will be based on a more complete set of survey and administrative data, is scheduled for release on February 15, 2024.

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