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June Factories -1.2% to C$58B...........>

CANADA DATA
CANADA DATA: June Factories -1.2% to C$58B
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- Biggest decline in factory sales since December 2018
- Sales fell in 16/21 industries, representing 68% of total
- Sales volume -0.2% in June vs. +1.7% in May
- 2019 Q2 sales +1.7%; sales volume +1.8% q/q
- Petrol & coal and food drive June decline in sales
- Biggest fall in sales seen in province of Alberta
- Inventories -1.5% to C$87.8B in June after 6 consecutive gains
- Inventory-to-sales down to 1.51 in June from 1.52 in May
- Unfilled orders -1.2% to C$99.2B in June
- New orders -4.2% to C$56.8B in June
- Capacity utilization down to 81.2% in June from 82.1% prior

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