Canada: Manufacturing sales likely to decline by 1.9% – TD Securities

According to analysts at TD Securities, Canada’s manufacturing sales are forecast to decline by 1.9% (market: -1.8%) m/m for June, in line with a broad pullback in export activity and sharp decline in factory prices.

Key Quotes

“Transportation shipments should exert a significant drag on the headline print while lower prices should see real manufacturing sales post a smaller decline.”