Forex Trading For Beginners 2021: Canada September manufacturing sales -3.0% versus -3.0% estimate

Canada manufacturing sales for September 2021

Highlights of the Canada manufacturing sales for September 2021:

manufacturing sales in September fell -3.0%. That was the lowest level since May 2021
sales decreased in 12 of 21 industries, with most of the declines attributed to lower sales and motor vehicles due to the chip shortage
higher sales and petroleum and coal industry offset the declines and motor vehicle sales
sales of motor vehicles fell 35.6% to $1.9 billion, the lowest sales since May 2020
The production capacity rate in the transportation equipment industry fell from 70.6% in August 2021 to 55.3% in September 2021
Sales of motor vehicle parts declined 13.5% to $1.8 billion accordingly.
Manufacturing sales decreased in eight provinces in September, led by Ontario and Quebec. Meanwhile, Newfoundland and Labrador posted the largest increase.
Manufacturing sales on a seasonally adjusted basis fell in 7 of the 12 census metropolitan areas covered by the survey in September, led by Toronto, Edmonton, and Montréal. Sales in Regina increased the most.
Total inventories increased 1.3% to a record high $97.6 billion in September, driven by higher inventories of primary metal (+3.6%), fabricated metal (+3.7%) and wood (+3.6%).
The inventory-to-sales ratio increased from 1.60 in August to 1.67 in September.
Total value of unfilled orders edged up 0.6% to $94.7 billion in September, mostly due to higher unfilled orders of machinery (+5.8%) and fabricated metal (+2.6%) products.
The capacity utilization rate (not seasonally adjusted) for the total manufacturing sector decreased from 77.1% in August to 74.6% in September, on lower production.