Canada: Manufacturing sales to rise 1.0% in May - TDS

Analysts at TDS expect Canadian manufacturing sales to rise by 1.0% m/m in May, slightly above 0.8% market.

Key Quotes

“Motor vehicle shipments should be driver though export data suggests a broader increase in activity. We also look for lower gasoline prices to provide a drag at the nominal level but an offsetting increase in non-energy factory prices means that real manufacturing sales should only modestly outperform the nominal gain.”