Canada July manufacturing sales +1.4% vs +1.1% expected

• Prior was -2.1%
• Sales at $71.0 billion vs $69.6 billion prior
• Sales -1.1% y/y vs -1.8% y/y prior
• Total inventory levels +0.9% vs +0.1% prior
• Inventory to sales 1.73
• Unfilled orders +0.6% vs -0.8% prior

This is a good number and a nice rebound but inventories are swelling.

This article was written by Adam Button at www.forexlive.com.