Manufacturing sales edged down 0.2% to $ 52.1 billion in August after three consecutive monthly increases . The largest decreases were registered in the oil and coal industries, automotive parts and aerospace products and parts industry. However, these decreases were largely offset by gains in motor vehicle assembly industry and wood products.
Sales declined in 8 of the 21 major industries, representing about half of the sector.
constant dollar sales fell 0.1%, indicating that the volume of goods produced by Canadian manufacturers decreased slightly.
largely sales declines offset by gains
In the petroleum products industry and coal sales fell for a third consecutive month, down 5.2% to $ 5.1 billion. The decrease mainly reflected a 4.7% decline in prices for petroleum and coal products registered by the price index of industrial products. The volume of sales also decreased in August
motor vehicle parts decreased 4.4% in sales to $ 2.5 billion. Normally, parts manufacturers reported strong gains in August as automobile assembly plants increase production following regular stops every July. This year, the earnings reported by the sale of parts manufacturers were smaller than usual, leading to lower seasonally adjusted industry sales.
Production in the aerospace product and parts were down 3.5% to $ 1.9 billion in August Despite the decline in August, production for the year to date Aerospace increased 12.1% in 2015 compared to the same period last year.
In the vehicle industry automotive assembly, sales increased 6.7% to $ 5.7 billion as a result of maintenance shutdowns in July. Some manufacturers reported selling more premium vehicles in August The value of sales in August was the highest recorded for the industry since March 07.
Sales of wood products increased 5.1% to $ 2.2 billion in August following generalized increases in the industry. Manufacturers of wood products in Quebec, British Columbia and Alberta posted gains.
Sales down in five provinces
Sales declined in five provinces in August, with Quebec, Alberta and New Brunswick posting the largest declines . Higher sales in Ontario largely offset these declines.
In Quebec, sales were down 1.2% to $ 12.0 billion, mainly reflecting lower sales in the primary metal (-7.1%) industry. Sales also decreased in the petroleum products industry and coal.
Sales of Alberta's manufacturers fell 1.9% to $ 5.7 billion in August, the 10th decline since the peak sales of $ 6.9 billion in June 2014 . the downward trend after the peak due to lower sales of petroleum and coal products, machinery, chemicals and metal products. The decrease in August 2015 due to lower sales in machinery (-14.1%), petroleum and coal industries (-2.5%) and fabricated metal products (-7.1%) .
Sales fell 7.1% to $ 1.4 billion in New Brunswick, the fourth decline in 2015. The decline was caused by lower sales of non-durable goods in August
Ontario, sales increased 1.1% to $ 25.3 billion, the third consecutive gain. Higher sales in the motor vehicle assembly industry (+ 6.7%) were responsible for the provincial increase. Sales also increased in the metals industry (+ 5.1%). Down 4.5% in manufacturing of parts of motor vehicles to offset some of the gains.
Inventories rise
Inventories increased 0.5% in August to $ 73.4 billion. Inventories increased in 17 of 21 industries, led by gains in the aerospace products and parts (+ 1.5%), food (+ 1.2%), machinery (+ 1.2% ) and computer and electronic products (+ 2.9%) industries. Most of the gains in the aerospace industry reflects the higher value of the US dollar against the Canadian dollar. Most stocks in the aerospace industry are held in US dollars. A 3.1% decline in oil product stocks and coal has offset some of the gains.
The ratio of inventories to sales rose from 1.40 in July to 1.41 in August The inventory-to-sales ratio measures the time, in months, that would be required to exhaust inventories if sales were to remain at their current level.
Unfilled orders up
Unfilled orders rose 0.2% to $ 96.9 billion in August More than half of the gain came from a 0.3% increase in the industry of aerospace products and parts. Unfilled orders in the aerospace industry reached $ 53.1 billion in August Unfilled orders also increased in the rolling stock and fabricated metal products.
New orders fell 5.6% due to the decrease in the aerospace product and parts industry.
Statscan
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