Canada August manufacturing sales +0.5% vs +0.5% expected

Canada August manufacturing sales data

• Prior was -1.5%
• Ex autos +1.6% vs -2.3% prior
• Factory new orders +1.4% vs -2.6% prior (revised to -5.0%)
• Sales up 14.9% y/y
  
• Full report
  

So much of this is tied up in problems in the auto supply chain. There were higher sales of petroleum and coal (+7.3%), chemicals (+6.3) and primary metals (+3.3%). Sales of wood products (-17.1%), motor vehicles (-8.7%) and motor vehicle parts (-10.5%) declined the most.

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October 15, 2021 at 12:30AM
Adam Button
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