Canada manufacturing
  • Prior was -2.1%
  • Manufacturing sales ex-autos +1.6% vs -1.6% prior
  • Sales at $71.0 billion vs $69.6 billion prior
  • Sales -1.1% y/y vs -1.8% y/y prior
  • Total inventory levels +0.9% vs +0.1% prior
  • Inventory to sales 1.73
  • Unfilled orders +0.6% vs -0.8% prior

This is a good number and a nice rebound but inventories are swelling.

inventory to sales