Truck News

News

INDUSTRY PULSE: Inventories continue to build

OTTAWA, Ont. -- Manufacturers' inventories, which have been on a steady rise over the last two years, advanced anot...


OTTAWA, Ont. — Manufacturers’ inventories, which have been on a steady rise over the last two years, advanced another 0.6% to $66.2 billion in November, Statistics Canada reports.

Since December 2003 ($58.5 billion), inventories have grown by $7.7 billion (+13.1%) in value.

In November, sizeable gains in goods-in-process (+1.3%) and finished products (+0.6%) contributed to the overall rise in inventories. Inventories of raw materials also edged up by 0.3% to $28.7 billion, rounding out the three stages of fabrication.

The main contributors to the increase in inventories included the petroleum (+9.1%) and machinery (+2.2%) industries. Strong demand for copper, steel products, and other primary metals contributed to a 2.0% drop in inventories of primary metals, partly offsetting the overall rise in total inventories.


Truck News

Truck News

Truck News is Canada's leading trucking newspaper - news and information for trucking companies, owner/operators, truck drivers and logistics professionals working in the Canadian trucking industry.
All posts by

Print this page
Related Articles
TruckNews
TodaysTrucking


Have your say:

Your email address will not be published. Required fields are marked *

*