Canada manufacturing sales for October 0.3% vs. a 0.6% estimate

Canada manufacturing sales for October 2020

• prior month 1.5% revised higher to 2.2%
• total inventories fell -0.4%. The inventory sales ratio moved to 1.6 from 1.61 last month
• unfilled orders were down -2.3%. Total new orders fell -3.9% with new orders declining in 12 of 21 industries
• capacity utilization rates fell from 70.4% to 77.8%
• the increase in October was almost entirely attributed to nondurable industries led by paper, petroleum and coal. 
• Year on year sales were down -5.2%
• paper manufacturing rose 5.4%. The 2nd consecutive monthly increase. Capacity utilization rose 2.8% in the industry
• petroleum and coal product industry increase 3.1% vs. a 0.2% decrease in September. 
• Motor vehicle sales rose 1.9% vs. -2.8% decline last month
• primary metals increase 2.0%
• other transportation equipment rose 24.4%
• plastic consumer-products rose 2.2%
• chemical products fell -2.5%
• aerospace product and parts industry fell -5.9% which holiday 15.3% increase in September

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