Cananda October manufacturing gross sales +2.1% vs +1.three% anticipated

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• Prior was 1.three%

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• Manufacturing gross sales rose 2.1% to C$70.8B in October, rebounding from two straight month-to-month declines
• In quantity phrases: Gross sales up 1.four%
• Yr-over-year: Down zero.2%
• Petroleum and coal merchandise led beneficial properties, surging 15.9%
• Transportation tools gross sales elevated three.7%
• Motorized vehicle gross sales hit highest stage since April 2024
• Paper gross sales dropped three.5%, greatest decline amongst sectors

Different particulars:

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• Stock-to-sales ratio improved to 1.69 from 1.72
• Capability utilization charge rose to 80.5% from 78.6%
• Unfilled orders edged down zero.2% to C$104.6B

A stable rebound in Canadian manufacturing, pushed primarily by petroleum merchandise and autos. However the year-over-year decline suggests some underlying weak spot stays.

This text was written by Adam Button at www.ubaidahsan.com.



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