Quebec's manufacturers reported a $338 million drop in shipments (-2.7 percent) to $12.0 billion. Declines in shipments of petroleum, food and wood products pulled down manufacturing activity in Quebec for the third time in the last four months.
Manufacturers boost inventories of raw materials Manufacturers' inventories continued their steady climb, rising 0.3 percent to $66.3 billion in February. The trend for inventories has been positive for over two years.
All three stages of fabrication increased in February. In anticipation of future shipments, manufacturers boosted their raw material inventories by 0.4 percent to $28.7 billion, the fourth increase in five months.
Goods-in-process (+0.3 percent) and finished product (+0.2 percent) inventories also closed the month on a slightly higher note.
marketing@alchempro.com
