- Analytics
- News and Tools
- Market News
- Canada’s manufacturing sales decline more than forecast in July
Canada’s manufacturing sales decline more than forecast in July
Statistics
Canada released its Monthly Survey of Manufacturing, which showed that the
Canadian manufacturing sales declined 1.5 percent m-o-m in July to CAD59.55 billion,
following a revised 3.6 percent m-o-m jump in June (originally a 2.1 percent
m-o-m increase).
Economists
had anticipated a fall of 1.2 percent m-o-m for July.
According
to the survey, sales dropped in 12 of 21 industries, led by the wood product
(-21.8 percent m-o-m), aerospace product and parts (-19.0 percent m-o-m),
miscellaneous (-12.1 percent m-o-m) and petroleum and coal product (-2.3 percent
m-o-m) industries. The declines, however, were partially offset by higher sales
in the motor vehicles (+13.5 percent m-o-m), primary metal (+3.9 percent m-o-m)
and motor vehicle parts (+7.6 percent m-o-m) industries.
Overall,
sales of durable goods plunged 2.7 percent m-o-m in July, while sales of
non-durable goods went down 0.3 percent m-o-m.
In
y-o-y terms, manufacturing sales climbed 12.2 percent in July.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
