Canada July manufacturing sales +1.6% vs +0.7% expected

<ul><li><a href="https://www.forexlive.com/news/canada-june-manufacturing-sales-17-vs-20-expected-20230815/" target="_blank" rel="follow">Prior </a>was -1.7% (revised to -2.0%)</li><li>Inventories -0.7%</li><li>Inventory to sales 1.74 vs 1.70 prior</li><li>Unfilled orders -1.0%</li><li>Capacity utilization 77.6% vs 80.8% prior</li></ul><p> Canadian manufacturing sales increased 1.6% to $71.9 billion in July,
led primarily by higher sales of food products (+3.1%), petroleum and
coal products (+4.6%) and transportation equipment (+2.4%). Meanwhile,
sales of paper (-4.6%) and plastics and rubber (-3.4%) products decreased the most. </p><p>The numbers point to a slowdown.</p>

This article was written by Adam Button at www.forexlive.com.