Canada November manufacturing sales +1.2% vs +1.1% expected

<ul><li>Prior was -2.8% (revised to -2.9%)</li><li>Sales down 0.8% y/y</li><li>Wholesale trade +0.9% vs +0.8% expected</li><li>Prior wholesale trade -0.5% (revised to -0.3%)</li><li>Inventories rose 0.5% to a record high of $124.2 billion</li><li>Inventory to sales 1.74 vs 1.73 prior</li></ul><p>Canadian manufacturing sales increased 1.2% to $71.7 billion in
November, mainly on higher sales in the chemical (+6.6%), primary metal
(+4.0%) and machinery (+4.3%) subsectors. Sales in the motor vehicle
industry group (-4.0%) declined the most.</p>

This article was written by Adam Button at www.forexlive.com.