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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
CANADA DATA
- Manufacturing sales fell -2.2% M/M in June according to the flash release, more than unwinding the limited upside from the May print released on Jul 14 with +1.2% M/M (cons 0.8) after a downward revised -0.1%.
- “The largest declines were in the petroleum and coal product, chemical, and food product industries.” The weighted response rate of 66.9%.
- The flash is only in values terms but it leaves sales at -3.2% annualized in Q2 after +4.4% in Q1.
- It paints a similar picture to yesterday’s wholesale trade falling -4.4% in its June flash after +3.5%. When combined with the subdued retail sales flash of 0.0% M/M, it suggests at best no growth across a variety of nominal sales in June.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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