“Manufacturing sales declined for the third consecutive month, down 1.3% to $56.4 billion in December on lower sales of petroleum and coal products,” Statistics Canada reported today.
Key takeaways from the press release
- Excluding this industry, manufacturing sales declined 0.3%.
- Sales fell in 12 of 21 industries, representing 72.7% of manufacturing sales.
- Manufacturing sales in volume terms were also down, declining 1.2% in December.
- Inventory levels increased 0.3% to $84.8 billion in December.
- The unadjusted capacity utilization rate for the manufacturing sector decreased from 79.4% in November to 75.9% in December.
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