Canada Manufacturing New Orders

## What this measures

The value of new orders Canadian manufacturers received in a month, from the Monthly Survey of Manufacturing, seasonally adjusted.

## Why it matters

Orders come before shipments and hiring, so they give an earlier read on where factory activity is heading.

## How to read it

Compare orders with shipments (canada.manufacturing.shipments): orders running above shipments point to rising output ahead. Large single contracts (aircraft, rail) make individual months jumpy.

## What it does not say

It is in current dollars and is not adjusted for cancellations later on.

## Source

Statistics Canada, table 16-10-0047-01 (vector v800913), "Manufacturers sales, inventories, orders and inventory to sales ratios; New orders, estimated values of orders received during month; Seasonally adjusted; Manufacturing". Palanor pulls it from Statistics Canada's Web Data Service every day and rewrites recent periods so revisions carry through.

Source: Statistics Canada. Reproduced and distributed on an "as is" basis with the permission of Statistics Canada. Statistics Canada Open Licence.