Manufacturing Sales Report – January 2019

MANUFACTURING SALES RISE FOR THE FIRST TIME SINCE SEPTEMBER OVERVIEW

The second half of 2018 was a rough stretch for Canadian manufacturing. After a strong start to the year, monthly output peaked at $58.5 billion in July and then began to decline steadily. Sales fell in four of the next five months, bottoming out at $56.5 billion in December.

However, stability in petroleum refining and a jump in food processing output helped the manufacturing sector start 2019 off on the right foot; manufacturers posted their first monthly increase in production since September.

Read the full report by our partners at CME here

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