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CANADA DATA: Manufacturing Sales Slide Again In August Advance

CANADA DATA
GlobalCanadaData BulletBulletMarketsFixed Income BulletsForeign Exchange BulletsRegionNorth America
  • Manufacturing sales disappointed in the advance August release with -1.5% M/M, which if it proves to be accurate (68% response rate) would continue some particularly volatile readings after -1.7% in June and 1.4% in July.
  • “The largest decreases were in the petroleum and coal product as well as primary metal subsectors.”
  • We don’t get volumes with this advance release, although it leaves nominal sales running at -2.5% annualized on a 3m/3m basis.
  • The latest weakness is in contrast to the strength seen in last week’s retail sales report, indicated at a nominal 0.5% M/M after 0.9% M/M in July.
  • Latest monthly GDP tracking estimates for the August advance will have to wait for the wholesale advance released on Thu (Sep 26). 
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  • Manufacturing sales disappointed in the advance August release with -1.5% M/M, which if it proves to be accurate (68% response rate) would continue some particularly volatile readings after -1.7% in June and 1.4% in July.
  • “The largest decreases were in the petroleum and coal product as well as primary metal subsectors.”
  • We don’t get volumes with this advance release, although it leaves nominal sales running at -2.5% annualized on a 3m/3m basis.
  • The latest weakness is in contrast to the strength seen in last week’s retail sales report, indicated at a nominal 0.5% M/M after 0.9% M/M in July.
  • Latest monthly GDP tracking estimates for the August advance will have to wait for the wholesale advance released on Thu (Sep 26).