Canadian manufacturing shipments are up 1.7% in July

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16 septiembre 2015

Canadian manufacturing shipments are up 1.7% in July

Statistics Canada released manufacturing shipments on Wednesday. Canadian manufacturing shipments rose 1.7% in July, beating forecasts of a 1.0% increase, after a 1.5% gain in June. June's figure was revised up from a 1.2% rise.

The rise was partly driven by higher sales of motor vehicle parts and motor vehicles. Sales of motor vehicle parts jumped 12.1% in July, while sales in the motor vehicle assembly industry increased 5.6%.

Inventories rose 1.1% in July.

Sales increased in 12 of 21 categories.

Gold price rises more than $5 due to a weaker U.S. dollar, which declined after the release of the weak U.S. consumer price inflation data

U.S.: CPI, m/m , August -0.1% (forecast 0.0%)

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