Story thread · 2 reports / 2 sources

Canada Manufacturing Sales for June +0.1% vs -0.1% estimate

investinglive.com · 3h · first reportShare

Prior month +1.3% Manufacturing Sales +0.1% versus -0.1% estimate Details: Manufacturing sales: +0.1% m/m to $78.8 billion, the fifth consecutive monthly increase. Year over year: Sales were +14.5%. Excluding petroleum & coal: Sales increased a much stronger 2.6% m/m. Constant-dollar sales: +1.2%, suggesting underlying volumes were firmer than the headline nominal increase. Subsector highlights Chemicals: +6.0% to $6.3 billion, a fourth straight gain and highest since October 2022. Transportation equipment: +2.8% to $12.4 billion, the fifth consecutive monthly increase. Motor vehicle parts: +6.2% Aerospace products & parts: +6.0% Petroleum & coal:-14.1% to $10.1 billion, largely reflecting lower petroleum and energy prices. Second-quarter strength is a positive Q2 manufacturing sales surged 9.3% to a record $235.1 billion, the fourth straight quarterly increase. Petroleum & coal: +33.7% q/q Transportation equipment: +14.7% q/q Excluding petroleum & coal: +6.1% q/q Constant-dollar Q2 sa