February 15, 2024 13:52 GMT
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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