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Canadian manufacturing up for a second month

The big contributor to growth was:  Sale of transport equipment (+7%) in July it was up 3.5%.  Food and Energy both played important role in the growth of manufacturing (oil in particular is seeing higher volume after the June/July shut downs).

Manufacturing sales rise in August for a second consecutive month
(Source: StatsCan)

Grand total sale growth was 1.4% -- highest level since early 2008. On a provincial level the big "winner" was Quebec with manfuacturing sales up 3.5% -- this may have something to do with the Aerospace sector (very variable shift in sale from month to month).

The inventory-to-sales ratio declines

Looking at manufacturing inventory, there has been a slight rise, but the inventory to sale has decline to lower levels.  This should reflect itself in new hiring and growth of production going forward -- assuming that the order backlog data is correct (it is actually rising slightly -- a lot if aerospace in included...).  Good data for Canada (at the manufacturing level at least),


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