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August Factory Sales Preview-- Fri 8:30 EST

CANADA DATA
MNI (Ottawa)
  • MNI Median -0.2% MoM sales vs. prior +7%.
  • August factories sales expected to decline after three months of strong rebound. Sales in July remained 5.4% below pre-pandemic level.
  • The decline seen mainly on auto and aerospace sales decrease, following a peak in July and decline in auto exports.
  • Factories cost of producing increase due to providing PPE products for workers, so sales volumes are expected to decline more.
MNI Ottawa Bureau | +1 613-981-1671 | anahita.alinejad.ext@marketnews.com

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