Statistics Canada and Manufacturing Sales

Canada real gross domestic product: The result, about four times lower than consensus estimates, marked the third month out of the first four this year that manufacturing sales have tumbled, according to The Toronto Star. The release of the manufacturing numbers followed the economy weaker than expected start to 2015, when Canada real gross domestic product shrank at an annualized rate of 0.6 per cent over the first three months. Statistics Canada released its latest piece of economic data Monday, showing that factory sales contracted 2.1 per cent in April to kick off the second quarter. That low GDP reading prompted economists to cut their outlooks for the second quarter and the rest of the 2015 election year — with the economy once again set to be a crucial ballot-box issue. We actually expected to rebound a little bit on the month ... So, it a bit of a surprise, no question there. I think that overall it was a pretty weak print, TD senior economist Randall Bartlett said of Monday manufacturing data, which he also noted showed sales volumes had contracted by one per cent in constant dollar terms. (news.financializer.com). As reported in the news.