April Manufacturing Sales Rise

Manufacturing sales rose 1.7 per cent to $72.3 billion in April from the previous month, says Statistics Canada. However, wood product sales had the largest decrease, down six per cent to $4.5 million, primarily on lower prices. Softwood lumber was down 13.7 per cent and exports of lumber and other sawmill products was down 2.6 per cent. Manufacturing sales increased in six provinces in April, led by Alberta and Quebec. British Columbia posted the largest decline following seven consecutive monthly increases. Sales declined 2.9 per cent to $5.8 billion in April, mainly on lower sales in the paper and wood product industries. Despite the decrease, total sales in British Columbia stood 7.3 per cent higher compared with the April of 2021. Overall inventory levels increased 2.3 per cent to $111.8 billion while the total value of unfilled orders rose 2.9 per cent to $103.9 billion, the sixth consecutive monthly increase and the highest level since March 2020.