Prior was 1.3%Manufacturing sales rose 2.1% to C$70.8B in October, rebounding from two straight monthly declinesIn volume terms: Sales up 1.4%Year-over-year: Down 0.2%Petroleum and coal products led gains, surging 15.9%Transportation equipment sales increased 3.7%Motor vehicle sales hit highest level since April 2024Paper sales dropped 3.5%, biggest decline among sectors
Other details:
Inventory-to-sales ratio improved to 1.69 from 1.72Capacity utilization rate rose to 80.5% from 78.6%Unfilled orders edged down 0.2% to C$104.6B
A solid rebound in Canadian manufacturing, driven mainly by petroleum products and autos. But the year-over-year decline suggests some underlying weakness remains.
This article was written by Adam Button at www.forexlive.com.
