Canada May factory sales up 10.7%

Credit: REUTERS/MARK BLINCH

OTTAWA, July 15 (Reuters) - Canadian factory sales jumped by 10.7% in May from April as many manufacturers resumed operations following partial shutdowns related to the coronavirus, Statistics Canada said on Wednesday. Excluding vehicles and parts, manufacturing sales were up 6.8%. Month/month change (%)

May Apr(rev) Apr(prev) Sales

+10.7 -29.7

-28.5 Sales ex-autos

+6.8 -20.8

-21.5 Inventories

-1.5

N/A

-0.6 Unfilled orders

-2.4

N/A

-1.2 New orders

+9.4 -31.7

-31.3

May Apr(rev) Apr(prev) Inv/sale ratio

2.15

N/A

2.41

NOTE: Analysts surveyed by Reuters had forecast a 9.5% increase in the value of shipments in May from April. All figures are seasonally adjusted. (Reporting by Dale Smith; Edited by David Ljunggren) ((david.ljunggren@tr.com; Reuters Ottawa Bureau +1 613 235 6745))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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