Free Trial

MNI DATA BRIEF: Canada Apr Factory Sales Seen -1.1% on Autos

MNI (Ottawa)
OTTAWA (MNI)

Canada's April manufacturing sales are expected to fall 1.1% following March's 3.5% rise, according to an economist consensus, reflecting a global semiconductor shortage that has disrupted auto production.

The decline is expected to continue into May as widespread lockdowns in Canada slowed activity and automakers continued to struggle with the chip shortage. The report is due at 830am EST on Monday, and the economist consensus aligns with Statistics Canada's earlier flash estimate.

The BOC last week held its policy settings and signaled it's looking through April weakness to a strong rebound afterwards, which sources tell MNI keeps the focus on a July tapering of QE.

MNI Ottawa Bureau | +1 613-981-1671 | anahita.alinejad.ext@marketnews.com
MNI Ottawa Bureau | +1 613-981-1671 | anahita.alinejad.ext@marketnews.com

To read the full story

Close

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.