Canadian Manufacturing Sales Increase 2.1% in June, But Wood Product Sales Post -5.7% Decline

Statistics Canada (StatsCan) reported today (8-16-21) that following two successive months of declines, manufacturing sales rose 2.1% to $59.2 billion (CAD) in June. Sales rose in 13 of 21 industries, with most of the increase due to improved production at auto assembly plants and higher sales of petroleum and coal products.

However, following six consecutive monthly gains, wood product sales fell -5.7% to $5.1 billion in June, on lower volumes and prices. Sales of wood products in constant dollars declined -1.0%. Despite lower sales of wood manufacturing products in June, total exports of forestry products and building and packaging materials rose 4.4%, and the value of building permits issued were up 6.9% on higher residential permits. Sales in constant dollars increased 2.2% to $49.1 billion in June, indicating a higher volume of goods sold.

The Industrial Product Price Index was unchanged month over month in June, while the Raw Materials Price Index increased 3.9% month over month.

FEA compiles the Wood Markets News from various 3rd party sources to provide readers with the latest news impacting forest product markets. Opinions or views expressed in these articles do not necessarily represent those of FEA.
Original Source:
Monthly Survey of Manufacturing, June 2021