Canada July factory sales likely down 0.2% - Statscan estimate

Key facts

• Canadian factory sales are estimated to have fallen 0.2% in July.
• The decline is primarily driven by lower sales in the chemical and fabricated metal product subsectors.
• The estimate is based on a weighted response rate of 69.8%.

Canadian factory sales are most likely to have decreased by 0.2% in July compared to the previous month, according to a preliminary estimate released by Statistics Canada. This anticipated decline is largely attributed to lower sales within the chemical and fabricated metal product subsectors. The estimate was calculated based on a weighted response rate of 69.8%. For context, the average weighted response rate for the survey over the preceding 12 months was 92.5%. All figures are seasonally adjusted.