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Industrial Demand Set to Rise as Manufacturing Recovery Broadens
Manufacturing sales surged amid strong energy production. Manufacturing activity gathered further momentum in April, with output rising 4.2 per cent month-over-month and showing broad-based strength across 17 of 21 subsectors. Petroleum and coal products were the largest contributor to this gain, surging 23 per cent to reach an all-time high. Production of motor vehicle parts also increased, likely continuing to benefit from post-retooling recovery. In real terms, manufacturing sales rose 1.8 per cent, leaving them 1.7 per cent above the April 2025 level — marking the first year-over-year increase since December 2023. After muted growth in March, inflation-adjusted production in petroleum and coal products jumped 17.5 per cent, approaching the peak last observed in mid-2010.