Inventories increase slightly in January

Avatar photo

OTTAWA, Ont. — Total inventories for manufacturers rose 0.1% to $63.1 billion in January, the sixth increase in the last seven months to just below recent high levels.

An unseasonably warm December and early January in eastern North America allowed inventories of petroleum and coal products to rise in January. In spite of lower shipment levels in January, slow sales of motor vehicles led to higher inventories.

Companies in 12 of 21 industries reduced their inventories, with primary metals and plastics accounting for most of the drop.

By stage of fabrication, goods in process inventories have eased lower in five of the last six months. Inventories of raw materials increased after a four month slide, while finished products inventories fell 1.1% after rising steadily over the last six months of 2006.

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 Profane language and content deemed to be libelous, racist, or threatening in nature will not be published under any circumstances.

*