Canada July manufacturing sales +7.0% vs +9.0% expected

Author: Adam Button | Category: News

Canada July manufacturing sales data

Canada manufacturing sales
  • Prior was +20.7%
  • Ex autos +3.1% vs +12.8% prior
  • New orders +9.0% vs +24.8% prior
  • Sales up in 13 of 21 industries led by autos (+24.1% in July)
  • Unfilled orders -1.2%
  • Inventories -0.8% to lowest since Feb 2019
  • Manufacturing employment at 93.6% of Feb level
Sales remain 5.4% below February's pre-pandemic lows.

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