Unfilled orders rose 0.6% in April from March to $47.3 billion, a third consecutive monthly increase, according to the latest report from Statistics Canada.
Unfilled orders are a stock of orders that will contribute to future shipments assuming that the orders are not cancelled.
The 0.6% growth figure looks even better if the effect of the aerospace product and parts industry is excluded. Without that sector, unfilled orders grew by 2.1%.
For the aerospace product and parts industry, unfilled orders were down for the seventh consecutive month in April (-1.8%), reaching a value of $18.7 billion. Computer and electronic product orders rose 4.0% in April to $3.8 billion. The motor vehicle industry also registered an increase, up 2.6% to $1.0 billion.
New orders grew 4.5% in April to $44.2 billion, the highest level since May 2001. New orders, which had generally been declining since late 2000, have mainly been rising since the start of 2002 except for a slight decline in March.
New orders are those received whether shipped in the current month or not. They are measured as the sum of shipments for the current month plus the change in unfilled orders.