Monthly Survey of Manufacturing, October 2023

Canadian manufacturing sales declined 2.8% to $71.0 billion in October, on lower sales in 12 of 21 subsectors, led by the petroleum and coal product (-10.3%), machinery (-6.6%) and computer and electronic product (-15.0%) subsectors. Partially offsetting the declines were higher production of aerospace products and parts (+6.9%). Year over year, total sales decreased 1.5% in October.

Total sales in constant dollars declined 2.2% in October, indicating a lower volume of goods sold. At the same time, the Industrial Product Price Index fell 1.0%.

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