Survey Of Manufacturing, Dec 2007 & Annual 2007

Deep cuts in volumes manufactured Despite ongoing strength in key price-driven industries, overall manufacturing activity decreased in four of the last five months, due in part to some significant cuts in the volume of goods manufactured. At 2002 prices, manufacturing sales plunged 5.8% to $46.7 billion, the lowest level since August 2003. Over the past five months, the volume of goods manufactured has declined 8.7%. Excluding the dominant transportation equipment sector, sales at 2002 prices fell 2.1% in December. Big spike in the inventory-to-sales ratio December's big decline in sales contributed to a spike in the inventory-to-sales ratio for the month as the ratio vaulted to 1.33 from November's 1.29. The ratio had been relatively stable in the range of 1.30 for the last six months. December's level was the highest since October 2006's 1.36. ... http://www.statcan.ca/Daily/English/080215/d080215a.htm

Note: http://www.statcan.ca/D...