Wood Product Sales Lead Canadian Manufacturing Sales Higher in December

Statistic Canada is reporting that manufacturing sales rose 0.9% to $54.2 billion in December. Sales were up in 9 of 21 industries, led by the wood product, transportation equipment, and petroleum and coal product industries. Wood product sales increased 8.3% to a record high of $3.7 billion in December, driven by higher prices. Excluding November, sales in the wood product industry have been trending upward since May — they increased 14.6% in Q4 and were up by almost half (+48.1%) year over year. Exports of forestry products and building and packaging materials rose 5.0% in December and were up 16.9% year over year.

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, December 2020