Canada September manufacturing data:
- Prior was +0.8%
- Sales down in 10 of 21 industries
- Inventories -0.8%
- Unfilled orders -0.6%
- New orders -2.7% vs +6.6% prior (drop largely on aerospace)
Soft sales in the petroleum and coal product (-1.9%) and the motor vehicle parts (-4.3%) industries accounted for the majority of the decrease in September. Sales in machinery (+5.5%) and motor vehicles (+2.9%) balanced much of the decline.
The fall in petroleum was due to refinery maintenance work while the jump in machinery sales may have been to a the completion of a few large projects.
