Inventories remain steady

Avatar photo

OTTAWA, Ont. — Following six consecutive declines, manufacturers held inventories constant at $59.9 billion in November, the lowest level since February 2000, according to Statistics Canada records.

That’s likely good news for carriers hoping that inventories have bottomed out and Canadian companies will soon start calling on their services to help replenish them.

The rate of depletion has slowed in recent months. Inventories are down 6.2% since the latest high of $63.9 billion in April.

By stage of fabrication, raw materials inventories continued an eight-month decline, falling 0.6% to $25.9 billion. This was offset by November’s 1.1% rise in goods-in-process inventories, ending a six-month slide. Meanwhile, finished-product inventories were largely unchanged at $18.9 billion.

Higher inventories of chemical products (+2.1%) and primary metals (+1.2%) were offset by declines in the computer (-1.5%) and railroad rolling stock industries (-5.3%).

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 Profane language and content deemed to be libelous, racist, or threatening in nature will not be published under any circumstances.

*