Canada Manufacturing Sales

Canada's manufacturing sales retreated 0.6 percent from a month earlier to CAD 57.9 billion in May of 2021, following a downwardly revised 1.7 percent drop in April and missed preliminary estimates of a 1.0 percent rise. It was the second straight month of declines, mainly weighed down by the machinery (-16.9 percent), chemical products (-2.0 percent), and fabricated metal (-1.8 percent) industries. Additionally, sales also fell in the food (-0.6 percent), non-metallic mineral (-2.9 percent), and motor vehicle parts (-1.4 percent) industries. In contrast, sales advanced at a record pace in the wood product industry (6.1 percent), due to higher prices. Excluding the effect from the transportation equipment industry, sales were down 0.7 percent, breaking a 12-month period of increases. On an annual basis, total sales surged 42.6 percent, due to baseline effects.