Canada Manufacturing sales for June 2.1% vs 2.0% estimate

Author: Greg Michalowski | Category: News

Canada June manufacturing sales data

Manufacturing sales
  • Prior -0.6%
  • Manufacturing sales for June 2.1% versus 2.0% estimate. The decline was the second consecutive monthly fall
  • machinery, chemical and fabricated metals industry were mainly responsible for the decline
  • sales of wood product manufacturing increase the most followed by primary metal
  • year over year total sales were up 42.6% off of the Covid decline
  • Manufacturing sales declined in six provinces led by Ontario (-1.0%), Manitoba (-6.6%), and Québec (-0.6%). Alberta posted the largest increase (+1.6%). It was the 13th consecutive month with higher sales.
  • Inventories rose 0.7%. Inventory to sales ratio moved up to 1.54 from 1.56
  • unfilled orders decreased in April by -4.1% led by a 11.3% decline in unfilled orders on aerospace products.
  • Capacity utilization was unchanged at 77.5%
  • Canada wholesale sales -0.8% 
  • For the full report click here
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