Details of the Canadian report on manufacturing sales for April:
- Prior was +2.9% (revised to +2.7%)
- Ex-autos -2.1% vs 1.9% prior (revised to 1.6%)
- Unfilled orders -2.0%
- Inventories +0.8%
- It's the third decline in four months
- Sales are down 7.3% from their post-recession peak in July 2014
- The decline in April reflected lower sales of food, aerospace products and parts, and petroleum and coal products
- Full report
So much for the weak Canadian dollar boosting manufacturing. USD/CAD is in a bit of a chop; it initially fell on the soft US Empire Fed but rebounded on this data point. More broadly, the Canadian dollar is lower.
