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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
CanadaCanada Manufacturing Sales YoY fell to -1.0% in April 2013
FMPMonthlyReleased May 2013
Canada Manufacturing Sales YoY fell to -1.0% in April 2013, released May 2013, down 3.3% from March's 2.3% reading.
Latest Release
-1.000000
Actual
—
Consensus
2.300000
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| USD/CAD | ▼ Inverse | −0.50 | FOREX | Bullish CAD | → View |
| CAD/JPY | ▲ Direct | +0.45 | FOREX | Bullish CAD | → View |
| WTI Crude | ▲ Direct | +0.40 | COMMODITIES | Watch | → View |
| EUR/CAD | ▼ Inverse | −0.35 | FOREX | Bullish CAD | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Manufacturing Sales YoY (Canada) was reported at -1% in May 2013. The reading fell from the previous value of 2.3%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with USD/CAD (Bullish CAD). A secondary relationship exists with CAD/JPY, positively correlated (Bullish CAD).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include New Housing Price Index MoM (Jun 17) and Retail Sales MoM (Jun 19).
Auto-generated from current model state · Refreshes on each release · Last update May 2013.
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Manufacturing Sales YoY - CA
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About Manufacturing Sales YoY — Canada
DEFINITION
Manufacturing Sales YoY (Year-over-Year) is a financial indicator that measures the percentage change in the total sales of manufactured goods over a 12-month period. It provides insight into the overall performance and growth of the manufacturing sector, which is a key driver of economic activity. This indicator is closely monitored by investors, policymakers, and analysts as it can indicate the strength of consumer demand, business investment, and overall economic health. A positive YoY growth in manufacturing sales suggests a robust economy, while a negative growth may signal a slowdown or contraction.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (May 2013): actual -1 %.
WHAT'S NEXT
This indicator correlates most strongly with USD/CAD (Bullish CAD, r=-0.50) — a useful reference for forex-focused traders.