CANADA DATA: Factory Sales Fall For 2nd Straight Month; March Wholesales +0.2%
May-15 13:08
- Manufacturing sales fell for the second straight month, -1.4% in March though that's an improvement from the flash estimate of -1.9%.
- Decline was led by primary metals -6.5%, an area hit by U.S. tariffs, and oil -4.2%.
- Capacity utilization 80.7% in March from 77.7% in Feb.
- Q1 factory sales +1.6% vs prior +1.1%. Gain led by transportation equipment and primary metals, likely as U.S. customers stockpiled ahead of tariffs.
- In separate report, wholesales ex-petroleum and grains +0.2% in March, above the advance estimate -0.3%. Sales volume -0.3% and +5.7% YOY.
- Increase in March was led by autos and parts +4.5%.
- Q1 wholesales +2.5%. Main contributor to gains were machinery and equipment +4.1% followed by autos and parts +2.9%.
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