Canada manufacturing sales highlights

  • Manufacturing sales for August -0.4% versus -0.6% expected
  • prior month was revised higher to +1.2% from +0.9%
  • factory new orders +1.1% versus -1.8% in July
  • manufacturing sales ex-autos +0.5% versus +0.9% last month (revised from +0.7%)
  • unfilled orders, +0.8% versus -0.2% in July (revised from 0.0%)
  • inventories, +1.1% versus 1.3% in July (revised from 1.2%)
  • inventories to sales ratio 1.43x versus 1.41x in July

Statistics Canada said that the factory orders fell on lower motor vehicle sales as result of atypical assembly plant shutdowns. Excluding vehicles and parts, sales were up 0.5%