Canada May manufacturing sales data

  • Prior was -0.6% (revised to -0.4%)
  • Sales up in 12 of 21 industries
  • Transportation equipment +8.1% vs -5.8% prior
  • Motor vehicles +13.3% after ending temporary shutdowns
  • Inventories +0.8% m/m
  • Unfilled orders +0.5%, the third increase in four months
  • Press release

Inventories are up 9.3% and 25% since the start of 2017. A big part of that is energy in storage.

Canada, manufacturing