Canada Manufacturing Sales MoM Final

Info

History

Chart

Impact:

Low

Source: Statistics Canada

Next Release:

Date:

Period: May

What Does It Measure?

The Canada Manufacturing Sales MoM Final measures the change in the total value of sales made by manufacturers in Canada on a month-over-month basis. This indicator primarily focuses on production levels within the manufacturing sector and assesses key areas such as industrial output, employment trends, and overall economic health.

Frequency

This report is released monthly, typically on the 15th business day of the following month, presenting the final figures after previous preliminary data may have been adjusted.

Why Do Traders Care?

Traders monitor the Canada Manufacturing Sales MoM Final as it provides crucial insights into economic activity that can influence currency values, equity markets, and bond yields. Stronger-than-expected manufacturing sales can indicate economic expansion, potentially bullish for the CAD and related equities, while weaker results may signal contraction, leading to bearish sentiment.

What Is It Derived From?

The indicator is derived from a survey of manufacturing firms across Canada, which collect data on their sales in a specific month. This data is processed to derive the total sales values, using methodologies that account for seasonal variations and represent various manufacturing sub-sectors.

Description

The Canada Manufacturing Sales MoM Final compares the current month's manufacturing sales to the previous month, indicating immediate shifts in the manufacturing landscape. This metric serves as a timely gauge of production trends, highlighting changes in demand and supply and reflecting the broader economic conditions.

Additional Notes

Manufacturing Sales is considered a leading economic indicator that can provide early signals about the economy's direction. It is particularly relevant in conjunction with other reports, such as the GDP data and employment figures, which can enhance the understanding of economic momentum both regionally and nationally.

Bullish or Bearish for Currency and Stocks

Higher than expected: Bullish for CAD, Bullish for Stocks.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number	Better than forecast for the currency (or previous revise better)
Red Number	Worse than forecast for the currency (or previous revise better)
Hawkish	Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish	Favors lower rates to boost growth, weakening the currency but lifting stocks.

Date	Time	Actual	Forecast	Previous	Surprise