Manufacturing Sales Down Again in July, but Volumes on the Rise
At long last, supply chain issues are easing. Global shipping costs and delivery times are on the decline. This has contributed to the price of goods manufactured in Canada declining for the third straight month in July, which is the main reason nominal manufacturing sales fell. After an increase last month, volumes ticked up again in July, an encouraging sign that the global factors holding back real manufacturing growth are beginning to dissipate.
Quick take | 3-min read
September 14, 2022
Focus Area—Canadian Economics