Manufacturing Sales Fell 3% In September

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Statistics Canada says manufacturing sales fell 3.0 per cent to $58.5 billion in September as motor vehicle sales fell due to the ongoing shortage of semiconductor shortage that has hurt auto production.

The agency says sales of motor vehicles fell 35.6 per cent to $1.9 billion, the lowest level since May 2020, while sales of motor vehicle parts dropped 13.5 per cent to $1.8 billion.

Meanwhile, higher prices helped petroleum product sales rise 3.0 per cent to $6.7 billion in September, according to the federal agency.

Sales in constant dollars decreased 4.2% in September, indicating a lower volume of goods sold. Month over month, the Industrial Product Price Index rose 1.0% in September, while the Raw Materials Price Index increased 2.5% .

Sales in the primary metal industry posted their first decline since April 2020, falling 6.3% to $5.2 billion in September. Sales in volume terms decreased 8.7% month over month. A maintenance shutdown at a major non-ferrous metal plant in Quebec was responsible for the decline. Primary metal sales were up 4.6% in the third quarter, the fifth consecutive quarterly gain.

Sales also decreased in the plastic and rubber (-3.6%), chemical (-1.8%), and computer and electronic (-5.4%) product industries in September.

Petroleum products sales rose 3.0% to $6.7 billion in September, on higher prices. Sales in constant dollars were down 1.6%. Prices for refined petroleum energy products increased 3.8% in September. In the meantime, sales in the petroleum and coal industry increased 15.1% in the third quarter, the fifth consecutive quarterly gain.

 

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