Canada: Manufacturing sales to fall 1.5% m/m in July - TDS

Sandeep Kanihama FXStreet Contributor

TD and the wider market both expect Canadian manufacturing sales to fall 1.5% m/m in July, building on a 1.8% decline the prior month.

Key Quotes

“Nominal output will be constrained by lower factory prices, a pullback in real exports and the impact of British Columbia wildfires, which shuttered lumber mills in the province for a portion of the month. While the risks around our forecast are arguably tilted to the downside, the decline in real manufacturing sales should be more subdued than the nominal print.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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