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    Canadian manufacturing shipments rises 1.7% in December | 13.02.2015

     

    Statistics Canada released manufacturing shipments on Friday. Canadian manufacturing shipments climbed 1.7% in December, beating forecasts of a 0.9% decrease, after a 1.3% drop in November.

     

     

    November's figure was revised up from a 1.4% decline.

     

     

    The increase was driven by higher sales in the transportation equipment industry. Sales of motor vehicles increased 9.0%, while sales of machinery rose 5.2% in December, the highest level since November 2011.

     

     

    Food sales rose 1.8% in December, while sales of chemical products climbed 2.5%.

     

     

    Sales in the petroleum and coal product industry declined 9.3% in December. That was the sixth consecutive decline.


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