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				Manufacturing slips again; inventories rise
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						Jul 15, 2011 11:30 AM
					
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					Last Updated: Mar 27, 2012 08:31 AM
				
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				<p>OTTAWA -- Manufacturing continues to remain relatively flat since January 2011, reports <a target="_blank" href="http://www.statcan.gc.ca"><span style="color: rgb(51, 51, 153); ">Stats Canada</span></a>.</p>
<p>Constant dollar manufacturing sales declined 0.8 percent in May.</p>
<p>The overall decrease reflected a 2.4 percent decline in non-durable goods, concentrated in the food, petroleum and coal product and chemical industries.</p>
<p>Conversely, the durable goods industries rose 0.8 percent.</p>
<p>Overall, lower sales were reported in 11 of 21 industries, representing 71.9 percent of total manufacturing.</p>
<p>Meanwhile, inventory levels increased 0.7 percent in May to $63.1 billion, their highest level since April 2009. The rise was led by a 4 percent gain in the chemical industry, reflecting higher goods-in-process inventories.</p>
<p>Increased levels of inventories were also reported by manufacturers in the primary metal (+2.2%), motor vehicle (+10.4%), machinery (+1.0%) and aerospace product and part (+1.3%) industries. &nbsp;</p>
			
				
				
			
				
				
			
			
			
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