Manufacturing Sales Flat After Declines

Following four consecutive monthly declines, manufacturing sales were unchanged at $70.4 billion in September, says the ‘Monthly Survey of Manufacturing, September 2022’ by Statistics Canada. Durable goods were the main source of sales growth in September, increasing one per cent to $34.1 billion, following a decline of two per cent in the previous month. Wood contributed to the decline in September at -2.3 per cent. On a monthly basis, sales in constant dollars edged down 0.2 per cent in September, indicating that lower volumes were sold, while the Industrial Product Price Index edged up 0.1 per cent for the month.