Canadian Manufacturing Sales Edge Upward
OTTAWA (CP) -- Declines in sales by Canada's aerospace and auto industries held back manufacturing sales gains in November, which logged a slim 0.1 percent rise to $42.6 billion for the month, Statistics Canada reported Wednesday.
The agency said the transportation equipment industry saw a 4.3 percent decline in sales for the month, the aerospace product and parts industry down 15.4 percent after a 48.2 percent jump in the previous month. Motor vehicle sales fell 4.5 percent after two months of gains.
Chemical manufacturers reported sales up 5.3 percent from October, with one-third of the gain from rising pharmaceutical and medicine manufacturing sales.
Petroleum and coal industry sales rose 2.9 per cent driven by prices that were up 4.7 percent month over month.
Inventory levels fell 0.3 percent to $59.7 billion, 12.2 percent lower than in November 2008. It was the 10th decrease in the past 12 months.