Search ForexCrunch

“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.