Total manufacturing sales fell -1.0% MoM and rose +0.7% YoY to $71.5 billion in October 2025, reflecting broad-based softness after recent gains.

• Sales declined in 11 of 21 subsectors, led by chemicals (-6.0%), wood products (-9.0%), and transportation equipment (-2.3%), following two consecutive monthly increases.

• In real terms, manufacturing sales dropped -1.5% MoM, while the Industrial Product Price Index rose +1.5%, indicating price effects partly offset volume declines.

• Chemical product sales fell to $5.2 billion (-6.0% MoM), driven by lower pharmaceutical and medicine output, with most chemical industry groups down over the first ten months of 2025.

• Wood product sales dropped to $2.9 billion (-9.0% MoM; -12.7% YoY), the lowest since July 2020, amid production slowdowns and sawmill closures linked to U.S. tariffs.

• Transportation equipment sales declined to $11.5 billion (-2.3% MoM) after September’s surge, with aerospace product and parts down -6.3% MoM and motor vehicle sales down -2.0% MoM.

• Manufacturing sales fell in six provinces, led by Ontario (-1.7% MoM) and Quebec (-2.5% MoM), while Manitoba rose +7.6% MoM on stronger transportation equipment output.

• Total inventories decreased -0.7% MoM to $121.3 billion, the first decline after five monthly increases, while the inventory-to-sales ratio edged up to 1.70.

• Unfilled orders rose +0.1% MoM to $112.8 billion, near record highs, and capacity utilization increased to 80.7% (from 80.3%), with gains concentrated in food, petroleum and coal, and transportation equipment.