The latest data (April 2020) on the manufacturing sector published by Statistcs Canada (StatsCan) brings into focus the magnitude of the impact of the restrictive measures put in place to contain the spread of COVID-19 (social distancing, general decline in consumption, limited operations): sales turnover -28.5% (all-time record), sales volume -26%, orders -31%, inventories -25%, production capacity -16% (to 59%).
The decline in sales (turnover and volume) affected 16 of the 21 manufacturing sectors surveyed by StatsCan. In terms of value, the transportation sector and primarily motor vehicles and parts was the most impacted (-76.4%)
The agribusiness sector also experienced a significant drop in sales in April; -12.8%. Meat processing and dairy industry the most affected sectors. Also down were the metal sector (-26.1%), plastics and rubber (-31.0%), and wood processing (-19.0%).
Geographically, Ontario and Quebec the hardest hit provinces with over 80%.
85% of Canadian manufacturing firms were negatively impacted by the pandemic.
This uncertain situation is reflected in Canadian imports of machinery and technology (15 Machines Italy sectors), which dropped 9.1% in the first, 3 months of 2020. Down, 6 of the top 10 suppliers: the U.S., (-13.5%), China (-19.8%), Japan (-18.9%). Among the divisions that declined the most; glass processing machinery (-60%), earthmoving and construction machinery -26.9%, and agricultural machinery (-27.95%).
In sharp contrast were imports from Italy of capital goods, with an astonishing +23.64%, and an increase in market share of almost 36%. Behind the Made in Italy exploit, there are the performances of graphic and paper industry machinery (+700%), packaging and wrapping machinery (+53.8%), and agricultural machinery (+77.7%). Declining or unchanged are the exports of the other machinery sectors (15 Machines Italia sectors).
The decline in sales (turnover and volume) affected 16 of the 21 manufacturing sectors surveyed by StatsCan. In terms of value, the transportation sector and primarily motor vehicles and parts was the most impacted (-76.4%)
The agribusiness sector also experienced a significant drop in sales in April; -12.8%. Meat processing and dairy industry the most affected sectors. Also down were the metal sector (-26.1%), plastics and rubber (-31.0%), and wood processing (-19.0%).
Geographically, Ontario and Quebec the hardest hit provinces with over 80%.
85% of Canadian manufacturing firms were negatively impacted by the pandemic.
This uncertain situation is reflected in Canadian imports of machinery and technology (15 Machines Italy sectors), which dropped 9.1% in the first, 3 months of 2020. Down, 6 of the top 10 suppliers: the U.S., (-13.5%), China (-19.8%), Japan (-18.9%). Among the divisions that declined the most; glass processing machinery (-60%), earthmoving and construction machinery -26.9%, and agricultural machinery (-27.95%).
In sharp contrast were imports from Italy of capital goods, with an astonishing +23.64%, and an increase in market share of almost 36%. Behind the Made in Italy exploit, there are the performances of graphic and paper industry machinery (+700%), packaging and wrapping machinery (+53.8%), and agricultural machinery (+77.7%). Declining or unchanged are the exports of the other machinery sectors (15 Machines Italia sectors).