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Dec Manufacturing Declines, Q4 -1.6%

CANADA DATA
  • Dec sales -0.7% vs advanced estimate for -0.6%, prior +1.2%. Decrease led by motor vehicles and chemical products.
  • Sales volume -0.1%.
  • Capacity utilization down from +79.1% in Nov to 75.3% in Dec; inventories -0.6%.
  • Q4 sales -1.6% led by transportation and food, prior +1.3%.
  • Overall manufacturing +1.1% YOY in 2023, much lower than prior +17.9% in 2021 and +18.1% in 2020.
  • 2023 performance influenced by political factors, extreme weather conditions, and labour strikes.
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  • Dec sales -0.7% vs advanced estimate for -0.6%, prior +1.2%. Decrease led by motor vehicles and chemical products.
  • Sales volume -0.1%.
  • Capacity utilization down from +79.1% in Nov to 75.3% in Dec; inventories -0.6%.
  • Q4 sales -1.6% led by transportation and food, prior +1.3%.
  • Overall manufacturing +1.1% YOY in 2023, much lower than prior +17.9% in 2021 and +18.1% in 2020.
  • 2023 performance influenced by political factors, extreme weather conditions, and labour strikes.