Manufacturing Sales indicator is released by Statistics Canada and shows the change in the total value of sales made by manufacturers. It is also called Manufactury Shipments of Factory Sales.
Changes in the manufacturers activity can be an early signal of economic health/trouble as they are quickly affected by market conditions.
The most important things to take into consideration when looking at the Manufacturing Sales indicator in Canada are the following:
- release date: monthly, about 45 days after month ends;
- release time: 12:30 GMT, during the North American trading session;
- second tier data;
- actual > forecast = positive for currency;
- actual < forecast = negative for currency.