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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessMNI 5 THINGS: Canadian Mfg Sales Disappoint On Weak Petroleum>
--5 Things We Learned From the Canadian Monthly Manufacturing Survey
By Yali N'Diaye
OTTAWA (MNI) - The following are the key points from the December
data on the Canadian manufacturing sales released Friday by Statistics
Canada:
- Sales value contracted 0.3% in December, while analysts in a MNI
survey had expected a 0.5% gain. But November was revised up to +3.8%
from +3.4%. Sales rebounded 2.8% in the fourth quarter after falling
1.8% the previous quarter.
- Sales volume was down 0.1% in December after a 3.0% gain in
November, leaving the quarter up 1.1% after a 0.4% decrease in the third
quarter, a positive for GDP contribution.
- December sales weakness was due to petroleum and coal (-4.1%).
Excluding that category, sales rose 0.2% on the month. Food was also a
drag (-2.6%). Overall sales were down in 11 of 21 industries (57% of
manufacturing).
- On the positive side, machinery was up 3.0% and autos up 2.6%.
Sales excluding autos and parts fell 0.4%.
- Forward-looking indicators were mixed: new orders rose 0.3% but
unfilled orders fell 0.7%. Inventories edged up 0.1%. The
inventory-to-sales ratio rose to 1.36 from 1.35.
--MNI Ottawa Bureau; email: yali.ndiaye@marketnews.com
[TOPICS: M$C$$$,MACDS$]
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.