Canada August manufacturing sales +0.5% vs +0.5% expected
Canada August manufacturing sales data
- Prior was -1.5%
- Ex autos +1.6% vs -2.3% prior
- Factory new orders +1.4% vs -2.6% prior (revised to -5.0%)
- Sales up 14.9% y/y
- Full report
So much of this is tied up in problems in the auto supply chain. There were higher sales of petroleum and coal (+7.3%), chemicals (+6.3) and primary metals (+3.3%). Sales of wood products (-17.1%), motor vehicles (-8.7%) and motor vehicle parts (-10.5%) declined the most.