Canada December manufacturing data:

  • Prior was +1.0% (revised to 1.2%)
  • Manufacturing sales ex-autos +0.9% vs +0.7% in Nov
  • New orders -2.1% vs +3.5% prior
  • Unfilled ordrs -2.2%
  • Inventories -1.6%

Canadian factories are in special focus after the December trade balance report showed a 3.9% surge in exports to $45.35B from $43.64B.

The new orders decline takes the shine of what looks like the start of a budding trend.