INDUSTRY PULSE: Manufacturers’ inventories edge down

Avatar photo

OTTAWA, Ont. — Inventories fell for only the second time in 2005, edging down 0.2% to $66 billion in December, according to a monthly Statistics Canada released today.

Inventories had been steadily accumulating since early 2004.

A 0.9% surge in finished product inventories to $22.1 billion was more than offset by decreases in raw materials (-0.9%) and goods-in-process (-0.4%) inventories.

Lower inventories were reported by the computer (-3.2%) and railroad rolling stock (-13.2%) industries as manufacturers worked through recent orders.

Avatar photo

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.

Have your say

This is a moderated forum. Comments will no longer be published unless they are accompanied by a first and last name and a verifiable email address. (Today's Trucking will not publish or share the email address.) Profane language and content deemed to be libelous, racist, or threatening in nature will not be published under any circumstances.