While the Empire State survey indicated a slowing economy in the US I'm quite surprised that the Canadian survey indicates a stronger economy. Normally the US and Canadian economies move in lockstep.
Monthly Survey of Manufacturing, January 2019
Manufacturing sales increased 1.0% to $57.1 billion in January, following three consecutive monthly decreases. Sales rose in 15 of 21 industries, representing 55.9% of total manufacturing sales. Higher sales in the food as well as the electrical equipment, appliance and component industries were the main contributors to the gains in January. In volume terms, manufacturing sales rose 1.4%. Food and electrical equipment, appliance and component industries post the largest increases Food manufacturing sales rose 2.8% to $8.8 billion in January, following a 2.1% decline in December. The advance in January mainly reflected higher ... (full story)
- Posted: Mar 15, 2019 8:31am
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