Canada Oct manufacturing sales -0.8% vs +0.4% exp

Canadian manufacturing sales

  • Prior was +0.3%
  • $51.0 billion in sales
  • Sales fell in 15 of 21 industries
  • Sales of durable goods decreased 1.1%, while non-durable goods sales were down 0.4%
  • Sales in metals and petroleum weighed
  • Lower sales in the railroad rolling stock (-31.2%), machinery (-2.5%), food (-0.7%) and fabricated metal product (-2.3%) industries also contributed to the overall decrease in October

Big miss for Canadian manufacturers.

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