- Prior was +4.2%
- sales rose in 14 of the 21 subsectors
- Transportation equipment +4.1%
- Sales of motor vehicles increased 11.8% m/m vs -4.6% prior
- Chemical +4.6%
- Electrical equipment, appliance and component subsector posted the largest decline at -5.8%
- Wholesales trade 0.0% vs -0.7% expected
- Prior wholesale trade was +0.6%
Total manufacturing sales reached a record high, rising 1.3% to $78.1 billion in May in the fourth consecutive increase. On a year-over-year basis, total manufacturing sales increased 13.4% in May, highlighting some cyclical strength and a collective shrug regarding USMCA.
The Bank of Canada decision is at 9:45 am ET (1345 GMT).
This article was written by Adam Button at investinglive.com.