Canada’s manufacturing sales fell for the second consecutive month, down -1.4% MoM but up 1.9% YoY in March to $71.9 billion (revised up from advance estimate of -1.9% MoM).

• Sales decreased in 13 of the 21 subsectors, led by the primary metal (-6.5% MoM) and petroleum and coal product (-4.2% MoM) subsectors.
• These declines were partly offset by an 11.9% MoM increase in sales of furniture and related products.
• In constant dollars, total sales declined -1.1% MoM in March, while the PPP rose 0.5% MoM.
• On a quarterly basis, sales increased 1.6% QoQ to $217.9 billion in the first quarter, following a 1.1% QoQ rise in the fourth quarter of 2024.
• The transportation equipment (+5.0% QoQ) and primary metal (+8.5% QoQ) subsectors contributed the most to the gain in the first quarter of 2025. Meanwhile, sales of chemical products posted the largest quarterly decline, down -3.6% QoQ to $15.8 billion.