The forecast for business enterprise expenditure on R&D in Canada's manufacturing sector shows a downward trend from 2024 to 2028. Starting at 4087.4 trillion USD in PPP terms in 2024, the expenditures decrease steadily to 3503.3 trillion USD by 2028. This represents a year-on-year decline average of around 3.8%. Compared to the latest available actual data from 2023, these forecasts indicate a continued reduction in investment enthusiasm among manufacturing enterprises.
Future trends to watch for include:
- Potential influences of global economic conditions affecting manufacturing.
- Technological advances that may alter R&D spending priorities.
- Government policies and incentives that could ignite or further dampen R&D expenditure.
