The prior month rose 1.4%

  • Canada manufacturing sales for April felt -1.3% versus 0.6% expected
  • in volume terms April factory sales dropped -1.9%
  • Canadian ex-auto manufacturing sales declined -1.7%
  • motor vehicle manufacturing sales +3.5%
  • sales fell in 10 of 21 industries
  • new orders -1.6% in April, +2.8% year on year
  • on filled orders +1.3% in April, up 0.4% year on year
  • inventories +2.2% in April +8.4% year on year
  • total inventories up +2.2%. Up 8.4% year on year
  • inventory to sales ratio 1.44 in April versus 1.4 in the previous month
  • largest upside contributor to monthly change was motor vehicle up 0.34%
  • largest downside contributor was petroleum and coal product category, -1.01%
  • Drop in Canada factory sales due in part to refinery shutdown