Manufacturing sales fell 2.1 per cent in April as chip shortage hurt auto industry

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Statistics Canada says manufacturing sales fell 2.1 per cent to $57.1 billion in April as the auto industry was hurt by a continued shortage of semiconductor chips that prompted companies to halt or slow production.

The agency says transportation equipment sales fell 23.6 per cent to $6.4 billion as motor vehicle sales fell 36.5 per cent to $2.3 billion in April, the largest month-over-month decrease since April 2020.However, manufacturing sales excluding the transportation equipment industry rose 1.5 per cent in April.

Machinery sales rose 14.6 per cent to a record $3.7 billion in April, while wood product sales also rose 6.5 per cent to a record $4.9 billion for the month. Statistics Canada says sales in constant dollars fell 3.3 per cent in April, indicating a lower volume of goods sold.

 

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a) not a chip shortage. The auto sector cancelled orders in 2020 and are now at the back of the line to get restocked. The fabs kept running. b) Good. Maybe spend the time to design some EVs to market....

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