Canadian Manufacturing Sales Fell 1.5%

Manufacturing sales fell 1.5% to $48.3 billion in July, the third decrease in five months. Declines in transportation equipment were largely responsible for the overall drop. Manufacturers in 11 of 21 industries reported lower sales, representing over 60% of total manufacturing.

Monthly Survey of Manufacturing, July 2012

Constant dollar sales decreased 2.0%. Sales of durable goods fell 2.7% while sales of non-durable goods edged down 0.1%.

You can read the full Survey here and download the full manufacturing statistics

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza