Canada August manufacturing sales -1.3% vs -1.5% expected ...Middle East

Sales at the lowest level since Jan 2022Prior was +1.4%Manufacturing sales dropped 1.3% to C$69.4 billion in AugustPrimary metals (-6.4%) and petroleum/coal products (-3.7%) led declinesSales down 4.4% year-over-yearSales in constant dollars fell 0.8%Key Details:Eighth straight month of y/y declines for manufacturing sectorPrimary metals hit by weaker domestic and international demandPetroleum products affected by global economic concerns, especially in ChinaAerospace production rose 7.3%, hitting second highest level on recordSales fell in 8 out of 10 provinces, led by Alberta (-3.3%) and Ontario (-0.6%)While Canadian manufacturing saw a brief uptick in July, the August decline brings the s

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