Canada June manufacturing sales -1.7% vs -2.0% expected

<ul><li>Prior was +1.2%</li><li>Inventories +0.3%</li><li>Inventory-to-sales ratio 1.69 vs 1.72 prior</li></ul><p>14 of 21 subsectors were lower, led by the petroleum and coal product (-8.3%), chemical (-6.5%), and machinery (-5.5%) subsectors. Meanwhile, many auto manufacturing plants increased their production in June and
operated at a higher production capacity, leading to an 11.4% increase
in sales of motor vehicles to $5.6 billion, the highest level since
June 2019.</p>

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