Manufacturing Sales Slow

Manufacturing sales decreased for the first time in three months, declining 0.6 per cent to $53.7 billion in November, says Statistics Canada. Sales were down in five of 21 industries, driven mainly by the aerospace product and parts, motor vehicle, and motor vehicle parts industries. Manufacturing sales in constant dollars decreased 0.6 per cent, indicating that a lower volume of goods was sold in November. Manufacturing sales declined in six provinces in November, led by Ontario and British Columbia. Alberta and New Brunswick posted the largest gains. The inventory-to-sales ratio increased from 1.6 in October to 1.62 in November. This ratio measures the time, in months, that would be required to exhaust inventories if sales were to remain at their current level. Following a 3.2 per cent decline in October, unfilled orders were down 3.6 per cent to $85.5 billion in November, primarily attributable to lower unfilled orders of aerospace products and parts (-7.7 per cent).