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July Manufacturing Sales +1.6% MOM, 0% YOY

CANADA DATA
  • Sales lagged StatsCan advance estimate of +0.7%.
  • Volumes +0.9% MOM, +1.8% YOY.
  • Food and energy led the increase. Auto sales +3.5% to highest since 2017 as supply chains eased.
  • Vancouver port strike caused moderate disruption as just 13% of factories impacted.
  • Decline in June revised from -1.7% to -2%.

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